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Posted : Sunday, July 6, 2008
MUMBAI: Tata Consultancy Services Ltd,
India's top software exporter, sees some impact from a slowdown in the United
States but is adding new clients elsewhere to offset the effect, its chairman
said.
"There will be some impact, but we have a fully diversified
set of clients, and we are trying to mitigate it by adding new clients," Ratan
Tata said in response to a question at the annual shareholders' meeting.
TCS, which got half its revenue from the United States in the March
quarter, has said it will tap new markets such as Asia-Pacific and Latin America
for growth.
Its capex for the fiscal year to March 2009 will be
about Rs 45 billion ($1.04 billion), Tata said.
India's
export-focused software and back-office services companies will see slower
growth of 25 per cent in the current fiscal year to March 2009 because of
tighter technology spending, the industry lobby group has said.
The
National Association of Software and Service Companies has estimated the
sector's revenue is estimated to have risen 29 per cent to $64 billion in
2007/08.
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