The Indian IT giant Tata Consultancy Services (TCS) has announced that its revenue rose 30.5 percent to 132.6 billion rupees (US$2.5 billion) in the three months of 2012. Posting annual revenue of US$10.17 billion, TCS noted that it had become the first Indian IT company to cross the US$10 billion-dollar mark. The company said it added 42 customers last quarter, sealing orders from a U.S.-based insurance company and an international automotive retailer, among others.
In the statement, N. Chandrasekaran, CEO and MD of TCS, said: “We have carried our strong momentum through the fourth quarter to close out a year of strong growth. We have kept our focus on profitability and consolidated our market leadership. “With our customer-centric approach, strong solution set and investments in game-changing technologies like mobility, big data and cloud, we remain well-positioned to help our customers transform and drive growth in their businesses,” Chandrasekaran added.