TCS Bags $140 Mn BSNL Deal

While Indian IT companies have been winning outsourcing contacts from all over the globe, the global biggies like IBM has beaten them hands down by winning big ticket telecom deals right in their backyard but looks like thats about to change. TCS the largest Indian IT player has cracked a $140 million deal from BSNL. It will revamp BSNL''s network to meet next generation requirements.

It is a very significant deal for us in the domestic space. We are expecting the revenues to start kicking in this quarter itself, said N Chandrasekaran, Executive VP, Head - Global Operations, TCS. Clearly, for Indian IT pack there is renewed interest in the domestic market. Thanks to the appreciating rupee that has made the domestic margins more comparable than earlier. We have focused on the domestic significantly and going forward we want to emphasise even more. There are quite a few deals of similar kind in the pipeline, said Chandrasekaran.

However, its not just the rupee factor with the government, not too willing to extend tax sops for software exports and with demand boosting back home it can significantly contribute to their bottom lines. No wonder that the IT companies are now going all out to woo Indian clients.

Source : www.indian-commodity.com