Tata Consultancy Services (TCS), closed fiscal year 2013, which ended March 31, by announcing annual revenues of $11.6 billion, up 13.7 percent year over year. Net income, meanwhile, was at $2.6 billion, up 15.6 percent year over year. Fourth quarter profits were up 3.1 percent from last quarter at $3.04 billion.
Commenting on the 2012-13 performance, N. Chandrasekaran, CEO and Managing Director, says: "TCS has delivered a year of strong growth with all markets and industry segments growing in double digits," he says. "Our ability to co-create with customers, remain relevant to their business and our investments in digital technologies are delivering tangible value as customers optimize, transform and grow."
Looking ahead to FY14, "We remain confident that 2013-14 will bring greater opportunities as technology plays an increasing role in reimagining business globally," Chandrasekaran says. "We continue to identify new growth engines and are investing ahead of the curve in products, platforms and intellectual property that is of great relevance to our customers and their business growth."
