Tata Consultancy Services reported strong revenue and profit growth in the second quarter as demand for its services picked up in key markets like the U.S. and Europe.
Indian outsourcer Wipro reported slow revenue growth in its IT services business, reflecting a continued volatility in the outsourcing market.
India's Tata Consultancy Services reported strong first quarter revenue and profit growth, despite indications that the outsourcing market is still uncertain.
Tata Consultancy Services is to acquire French IT services company Alti in a bid to increase its presence in the European market.
Indian outsourcer Tata Consultancy Services has agreed to settle a class action lawsuit by paying US$30 million to employees deputed for work in the U.S. from India.
India's provision of outsourcing services to other countries will grow by 12 to 14 percent in the fiscal year starting April 1, a trade body predicted Tuesday.
Wipro's fourth-quarter IT services revenue grew 4.8 percent year on year, reflecting an overall recovery in offshoring to India.
Tata Consultancy Services had strong revenue and profit growth in the fourth quarter, indicating that the offshoring market is recovering.
Tata Consultancy Services on Friday reported strong revenue and profit growth in the third quarter, citing a pick-up in discretionary spending by customers.
Tata Consultancy Services (TCS) has bagged a £1.37 billion (US$2.2 billion) business process outsourcing order from Friends Life, a provider of pensions, investments, and insurance, it said in a filing to Indian stock exchanges.
India's largest outsourcer, Tata Consultancy Services, reported on Monday strong revenue and profit growth in the quarter ended Sept. 30, despite difficult economic conditions in some of its key markets in the U.S. and Europe.
India's National Association of Software and Service Companies (Nasscom) said Monday that an economic slump in the U.S. will benefit Indian outsourcers, as U.S. customers look to cut costs.
Outsourcing declined worldwide by 18 percent to US$16.4 billion in the second quarter because of weak demand in the Americas and an overall drop in the number of large contracts awarded, sourcing data and advisory firm TPI said on Wednesday.
Wipro's second-quarter revenue grew, the company reported Wednesday. However, its larger competitors, Infosys and Tata Consultancy Services, grew faster.
Tata Consultancy Services reported strong revenue and profit increases in the quarter ended June 30, citing growth across all markets, including emerging markets.
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