Tata Consultancy sees flat biz
On June - 30 - 2009
Tata Consultancy Services Ltd, India’s top software services firm by sales, sees flat business growth in its fiscal first quarter that ended on Tuesday as economic downturn crimped outsourcing, its chairman said.
“Our view for the immediate future is slow growth or no growth,” Ratan Tata told the company’s annual shareholders meeting. “The first three months will continue to be reasonably flat.”
Tata Consultancy, which provides services such as consulting, system integration and managing call centres, has to “aggressively protect” its profit margins, he said, adding the company would transfer more jobs to its low-cost facilities in India.
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