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TCS earmarks Rs 2,300 crore for capital expenditure

05 Aug 2011 Evaluate

Tata Consultancy Services (TCS), Country’s largest IT software firm is planning to expand its business. In this regards, the company has marked down a capital expenditure of Rs 2,300 crore for financial year (FY) 12. The company would consider investments or acquisition opportunities in some of the market areas as and when they arise.

Further, the company will also consider increasing its market share in Latin America, the Middle East and in Asia, apart from the US and Western Europe.

During the 2010-11, North America contributed 54% to the company’s revenue along with significant growth across various geographies including Latin America, West Asia and Africa from India.

TCS’ net profit after tax for the quarter ended June 30, 2011 surged by 32.51% at Rs 2062.43 crore as compared to Rs 1556.41 crore for the quarter ended June 30, 2010. Its total income has increased by 37.59% to Rs 8870.96 crore for the quarter under review from Rs 6447.38 crore for the similar quarter of the previous year.

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2610.55 32.10 (1.24%)
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