TCS Targets At Higher Revenues From Emerging Mkts

Mumbai: Tata Consultancy Services (TCS) aims to almost triple revenues from emerging markets in the next 4-5 years. Currently emerging markets contribute about seven per cent to TCS overall revenues; it hope that to go up to 20 per cent in next 4-5 years. In January this year, TCS had amalgamate its operations in Eastern Europe, West Asia, Africa and Latin America into a strategic business unit for emerging markets. Most of TCS'' revenues in the emerging markets will come from domestic business pertaining to the Government, telecom and banking and insurance space.

Its customers are going global and they are looking at emerging markets to balance the slowdown in Western countries. In order to cater to this demand, TCS will raise its headcount in emerging markets to 10,000 by the end of next fiscal year, from 7,000 at present. TCS agrees that margins in emerging economies are not as lucrative as compared to mature markets such as the US or the UK.