TCS plans Rs 2,300 cr capex for FY12

08 Aug 2011 Evaluate

Tata Consultancy Services (TCS) has earmarked a capital expenditure of Rs 2,300 crore for 2011-12 financial year. The company would consider investments or acquisition opportunities in some of the market areas as and when they arise. Further, IT firm would 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. Further, the company plans to add around 60,000 employees during 2011-12. The company does not have problem obtaining visas for its operations.  At the end of March 2011, company's total employee strength was 198,614.

Despite being badly hit during the meltdown, the banking, finance and insurance as a group constituted the largest element of the company's turnover, which still saw growth at 22 per cent in this year and over 2010. Banking, finance and insurance sector continued to be the largest element of the company's turnover at 47 per cent of the company's total revenues. In 2011, high growth was seen in retail, consumer products, life science and health sectors.crackcrack

TCS Share Price

4168.05 -103.45 (-2.42%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
TCS 4168.05
Infosys 1922.05
HCL Tech. 1911.20
Wipro 305.15
Tech Mahindra 1685.20
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.