Tata Consultancy Services reported revenues of $8.2 billion for fiscal year 2011; up 29 percent year over year.
In addition, net income was $1.9 billion; up 31 percent year on year. For the most recent quarter quarter, revenue was $2.2 billion up 33 percent and net income was
$531 million, an increase of 25 percent
"Excellent execution and a constant focus on the customer has helped TCS round off a sterling performance in FY11 with strong growth in the fourth quarter while maintaining margins at historic highs," says N. Chandrasekaran, CEO and managing director of TCS.
"The demand environment continues to be vibrant. There are opportunities across markets and industries. Our nimble organization structure together with our full-services strategy and domain-intensive solutions gives us a great platform to sustain growth. We continue to shape the adoption of next generation technologies by investing in new areas like mobility, analytics, social media and sustainability solutions."
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