TCS gets higher pricing for new contracts

CIOL Bureau
Updated On
New Update

 BANGALORE: Tata Consulting Services today said there was an increased

pricing of three to five per cent on new

outsourcing contracts
and renewal of existing contracts.

TCS CEO S Ramadorai announced this here today. He, however, declined to forecast
change in revenues and refrained from specifying contracts that were up for


The company, which was striking a "balance" for customers who renewed contracts
at larger volume, was waiting for the renewal of contract of its large customers

like General

. The contract would come up for renewal by this year-end.

GE contributes close to nine per cent of the total revenue of TCS.

According to N Ganapathy Subramaniam, TCS vice-president and head, Banking
Industry Practice, the company was in the advanced stages of negotiations with

some banks to implement the core banking solution.

TCS already had a contract with China-based Hua Xia Bank and had acquired
Australian bank FNS for over $25 million.

The leading
firm in India, TCS, would hire 30,000 more people this year. The

company had made offers to over 8710 freshers from 180 colleges in Q1. They

would be inducted in FY 2007-`08.

The company would
from 300 colleges this year.

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