India's largest IT autsorer Tata Consultancy Services today reported on the results of the company in the third quarter, showing sales and profit above expectations, but the results of the company were raised by a single large orders, while the overall market for IT outsourcing in the third quarter was a negative trend.
During the reporting quarter, TCS received revenue of 2.85 billion dollars, which is 13% more than in the same quarter last year. Net income was 643 million dollars, up 22% from a year earlier. On the other hand, the company Infosys, India's second largest IT outsourcer, has received third-quarter revenue of $ 1.8 billion, which is only 2.9% higher than a year earlier. Net income was $ 431 million, a 4.9% increase from a year earlier. In Indian research firm Offshore Insights said that both the Indian IT outsourcer respond to the changing external environment, but they do so in different ways and with different speed transforming their resources. So, TCS has invested in internal expertise, account management and new technologies, such as cloud and mobile services.
Infosys holds over slow transformation. At TCS said that the observed increase in all major destinations for themselves - North America, the UK and Europe . Due to the introduction of new service offerings, the real volume of business TCS rose 5%. But the domestic Indian market for IT outsourcing virtually stopped, recognized in the company. TCS in the third quarter expanded staff of 10,531 people, bringing the total number of employees to 254,076 people. In the third quarter at TCS appeared 41 new client.
