Tata Consultancy Services’ telecom revenue contribution marginally dips in Q2
Telecom Lead India: Tata Consultancy Services (TCS) said its revenue contribution from telecom business decreased marginally to 10.3 percent in second quarter of 2012-13 from 10.7 percent in the same quarter of 2011-12.
N Chandrasekaran, CEO and MD, TCS, said: “As the global operating environment continues to evolve, there is little doubt that technology is playing a more pivotal role to shape the future of every industry than ever before. Our investments and capabilities make TCS extremely relevant to participate in imagining and co-creating this future with our customers.”
TCS’ second quarter revenue grew to Rs 15,621 crore, up 34.3 percent y-o-y.
Net profit increased to Rs 3,434 crore, up 49.2 percent.
TCS was selected by a UK telecom service provider for offering managed services support across infrastructure, application systems and business processes in a multi-year deal.
A leading Asian telecom operator also selected Tata Consultancy Services as its transformation partner for BSS Implementation & Integration Services.
It is also offering consulting to develop mWallet strategy for a regional US Bank including defining eco-system required to drive mWallet offering.
In addition, TCS is developing mobility solution for private banking customers for a US based Global Bank entailing conceptualization and design to enable deeper customer experience and engagement.
Moreover, TCS will be developing retail and wealth management mobile applications for a Canadian bank by working closely with the bank and its supplier ecosystem.
TCS said all markets grew. Major markets were led by UK and Europe while growth markets like India, APAC, Latin America and Middle East performed well.
The company, during the second quarter, bagged managed services contract from the largest US-based electronic retailer for total infrastructure services across USA, Canada and Mexico.
TCS was also selected for a multi-year, multi-million dollar transformation deal for a large North American insurance and financial services firm to provide consulting and system integration services for policy administration system implementation.
A large US multinational financial services corporation also selected TCS to provide Financial Services expertise and Global IT delivery capability.