Tata Consultancy Q3 net rises 20.5 pct, beats f'cast

Source: Reuters

Wed Jan 16, 2008 7:06am EST

MUMBAI, Jan 16 (Reuters) - India's top software services exporter, Tata Consultancy Services Ltd (TCS.BO: Quote, Profile, Research), on Wednesday beat forecasts with a 20.5 percent rise in quarterly profit as it won new outsourcing deals and raised fees for clients.

The company, part of the Tata Group that has interests in cars, commodities and services, said net profit rose to 13.31 billion rupees ($339 million) in the fiscal third quarter ended Dec. 31, from 11.05 billion a year earlier, under the U.S. accounting standards.

A Reuters poll of 12 brokerages had forecast net profit of 13.12 billion rupees for Tata Consultancy whose leading clients include General Electric (GE.N: Quote, Profile, Research), ABN AMRO (AAH.AS: Quote, Profile, Research) and Nielsen Co.

Last week, rival Infosys Technologies Ltd (INFY.BO: Quote, Profile, Research) beat expectations with a 25 percent rise in quarterly profit and raised its full-year forecast despite uncertainty over the economic health of its key U.S. market.



Read more: http://www.reuters.com/article/rbssTechMediaTelecomNews/idUSBMA00017420080116

Are these the same guys who came out with that $2,500 car?

Big company. Lots of employees everywhere in different sectors and industries, including quite a few thousand Americans.

Think of Tata like Mistusbishi. They have their hands in everything, Consulting, Cars, Locomotive, Engineering. Unfortunately, all their products and services are crap from experience. Basically they over promise and under-deliver with low quality products and bottom of the barrel workers.

"Basically they over promise and under-deliver with low quality products and bottom of the barrel workers."

You're absolutely right.

So basically your typical, modern, globalized-economy corporation.

Betcha that looks great on a resume.