TCS is India's first billion-dollar IT major

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TCS is India's first billion-dollar IT major

June 20, 2003 12:59 IST

Indian infotech major Tata Consultancy Services has become the country's first billion-dollar software company.

TCS posted 20 per cent growth in revenues at Rs 5,012 crore (Rs 50.12 billion or $1.075 billion) for the year ending March 31, 2003 compared to Rs 4,187 crore (Rs 41.87 billion) in the previous fiscal.

Exports during the period under review stood at Rs 4545.26 crore (Rs 45.45 billion) compared to Rs 3,865.59 crore (Rs 38.65 billion) in the previous fiscal, TCS chief executive officer S Ramadorai told newspersons in Mumbai on Friday.

Domestic sales for FY'03 stood at Rs 369.07 crore (Rs 3.69 billion) compared to Rs 247.89 crore (Rs 2.47 billion), he added.

Other income for the year under review stood at Rs 98.05 crore (Rs 980.5 million) as against Rs 57.90 crore (Rs 579 million) in the previous year, he said, adding that the company had added 4,763 employees in 2002-03.

The revenues are on stand alone basis and do include the sales of CMC Ltd, which was acquired following its divestment two years ago.

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	Number of User Comments: 13

	Sub: Congrats TCS !!! Way to go !!!!! TCS has for long been under recognised in our country inspite of being the No 1 company in terms of turnover , manpower employed , ... Posted by Aneesh Kumar

	Sub: Congrats TCS come on guys, when will you stop cribbing. instead of congratulating a company which is achieving something you want to pull it down. mr. chandra, ... Posted by partha

	Sub: Well done TCS With this speed TCS will definitely achieve the goal of becoming one of the Top 10 global consultants. Cheers to TCS Posted by Arun Mendon

	Sub: Confirmation Rediff needs to confirm the following statement in the article: "The revenues are on stand alone basis and do include the sales of CMC Ltd, ... Posted by Neo

	Sub: Great going!!! I'm feel that it is one of the finest that any Indian IT companies has achieved. Although still small by global standards (EDS has $29 ... Posted by Ankur Gargi

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