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Article: India: TCS expecting more gains from new IT deals.
- Article from:
- TendersInfo
- Article date:
- September 8, 2009
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Byline: Mamta03
India s largest information technology (IT) services firm, Tata Consultancy Services Ltd (TCS), expects to see more gains from consolidation of IT deals following global mergers and as companies curb technology costs and move work offshore to low-cost countries, a top executive said.
In August, TCS was among three Indian IT vendors that won a part of a $1.5 billion (Rs7,320 crore) outsourcing contract from British oil firm BP Plc, which cut its total vendor base to five from 40. Infosys Technologies Ltd, Wipro Ltd, IBM Corp. and Accenture Ltd were the other vendors.
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