Business Today

TCS aims to scale up presence in China, Latin America, Europe

"The challenge before us is to scale up our presence significantly in geographies like China, Japan, Latin America, Europe and the Middle East," TCS CEO and MD N Chandrasekaran said.

BT Online Bureau        Last Updated: December 21, 2012  | 13:33 IST

Looking to tap the opportunities in markets like China, Japan, Latin America and Europe, Tata Consultancy Services (TCS) said it is looking  at significantly expanding footprint in these places.

"The challenge before us is to scale up our presence significantly in geographies like China, Japan, Latin America, Europe and the Middle East," TCS CEO and MD N Chandrasekaran said in an interview.

Chandrasekaran said there are plenty of opportunities in all these markets and TCS aims to address them , he said, adding that with presence in 44 countries, the software services major has the "right global footprint".

On business coming from Europe, he said it is expected to grow faster as customers are beginning to spend more. "The budgets are looking good; we are winning lots of transformation deals in Europe," he said.

In 2011-12, revenue from North America constituted 53.31 per cent of company's total revenues, while UK and Europe accounted for 25.32 per cent, followed by India (8.60 per cent), Asia Pacific (7.56 per cent), Middle East and Africa (2.13 per cent) and Latin America (3.08 per cent).

On banking, financial services and insurance (BFSI) vertical, which contributed 43.08 per cent to the revenues in 2011-12, Chandrasekaran said the vertical is "beginning to pick up momentum".

"We were particularly happy with the BFSI sectors in the second quarter. Not only have we delivered 4.6 per cent growth in rupee terms in the segment sequentially, but we have also closed four deals, including one from insurance," he said.

Chandrasekaran added that TCS is seeing a "lot of opportunities" in retail, consumer products and pharmaceutical segments as well.

Telecom, media and entertainment accounted for 12.69 per cent of the company's Rs 48,893.83 crore revenue in 2011-12, while retail and consumer packaged goods contributed 12.18 per cent and manufacturing 7.77 per cent of sales.

Chandrasekaran said evolution and fast adoption of technologies like cloud, analytics, big data and mobility also hold a lot of promise.

"Every industry process framework is being redefined and re-imagined by the impact of these technologies. Their use is not limited to just the enterprise; they are impacting our personal and social lives," he said.

The country's largest software services exporter, is also hoping to report a higher growth than 11 per cent predicted for the entire industry by NASSCOM for the year 2012-13.

"Although NASSCOM has predicted a growth figure of 11 per cent for the industry, we hope to exceed that figure during 2012-13," TCS chief financial officer and executive director S. Mahalingam said.

With IANS inputs

Youtube
  • Print

  • COMMENT
BT-Story-Page-B.gif
A    A   A
close