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| Offshore Outsourcing News For Web Design Development & IT Companies - Custom Software Development. Natarajan Chandrasekaran took over as chief executive of Tata Consultancy Services on Tuesday, vowing to boost the global market share of India’s largest outsourcing company.
Under the 13-year leadership of his predecessor, Subramaniam Ramadorai — who stepped down at the mandatory retirement age of 65 and will serve as a nonexecutive vice chairman and member of the board — the company’s revenues grew from about $150 million a year to nearly $6 billion.
Globally, TCS says it is the eighth-largest software services company by revenue.
In addition to pursuing strategic acquisitions, especially in Europe and Japan, Chandrasekaran said the company would focus on organic growth, pursuing larger deals as the IT industry consolidates, and turning more to emerging markets like India.
Chandrasekaran said outsourcing firms like TCS can help companies run more efficiently and cut costs at a time of rising cost pressures.
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Tata Consultancy Services gets new CEO
Posted on | October 8, 2009 | 1 Comment
“We’re going to focus on growth,” he said.
“The $6 billion is only a 1 percent share” of total information technology services spending, Chandrasekaran said. “There’s a lot of headroom for growth.”
TCS profits have continued to grow, albeit at a slower pace, through the global economic crisis.
After growing 32 percent in the year ending March 31, 2008, net profit rose only 1.17 percent in the July to September 2008 quarter from a year earlier, but recovered to 22.3 percent growth in the quarter ending June 30, 2009.
“Our business model is also a solution to the economic problems the world is facing,” he said.
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Client is everything—but what should the clients ask?
Oct 26, 2009
We should not try to be smart, smartness will only last to get the project—the results one will deliver will speak volumes, and then clients can decide about whether to continue with the services or not. So client always has a choice. But it happens...
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Online portal of Internet Technology Architecture and Development: Many People Still Associate Outsourcing With Manufacturing Or Global Workforces, But It Is Much More. Outsourcing Is An Efficient Way To Manage Special Projects Or Overflow, Expand Staffing Resources, And Grow Your Business Without The Related Increase In Overhead And Vacation Pay. Many Businesses Outsource Critical Business Tasks That Require Specialized Knowledge Such As Bookkeeping, Marketing, Customer Service, And Sales.
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