TCS says industry profit margins strong this year

By agencies   |   Thursday, 29 September 2005, 07:00 Hrs
Printer Print Email Email
SINGAPORE: IndiaÂ’s largest software exporter Tata Consultancy Services Ltd. today said outsourcing demand would help the industry keep up with expected profit margins.

"We believe the industry in the next couple of years will not see very substantial erosion of margins," chief executive S. Ramadorai said.

"Looking at the supply and demand of professionals, skilled capabilities that are needed, on balance, net-net, the margin impact is not substantial."

TCS like its other Indian competitors like Infosys and Wipro has been under cost pressure due to increasing wages, and the appreciation of the rupee against the dollar.

Facebook denies cyber attack
Facebook ruled out a cyber attack on its products Whatsapp, Instagram and Messenger, which suf..
Google's Gboard gets offline
Google is adding an Artificially Intelligent (AI) offline dictation feature on its Gboard keyb..
IBM announces programme
n a bid to recognise the contribution of developers in the open source community, Information ..
Wipro opens third industrial
IT major Wipro Ltd on Thursday opened its centre of excellence for Industrial Internet of Things (..