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TCS sees BP deal revenue from third quarter

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CIOL Bureau
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NEW DELHI, INDIA: Tata Consultancy Services expects its deal with BP to contribute between $30 million to $100 million on an annualised basis over the next three to five years, its chief executive said on Friday.

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"I think it will start by the third quarter," S. Ramadorai told reporters when asked as to when would revenue from the contract start flowing.

TCS was one of a number of outsourcing firms that won five-year IT contracts from oil and gas major BP earlier this week.

Ramadorai said there were some signs of demand recovery but it was too early to call it a trend.

"Pricing is stable. But, will come under pressure with some clients," he said.

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