TCS opens software center in Hungary

MUMBAI: Tata Consultancy Services (TCS), India's largest software exporter,

said on Thursday that it had opened a software development center in Hungary to

service its European customers.

Located in Budapest, the center is TCS' 24th offshore development center and

would hire 100 software professionals by the end of 2001, TCS said in a

statement.

TCS said 80 percent of the staff would be Hungarians. It plans to hire 100

people from technical universities in Hungary every year till 2005, the

statement said. Unlisted TCS is a division of Tata Sons, the holding company of

India's second-biggest industrial conglomerate, the Tata Group.

TCS, which has over 16,000 software professionals working in about 50

countries, earned 23 per cent of its revenue from Europe last year. It posted

revenue of Rs 31.42 billion ($666.67 million) for the year ended March.

(C) Reuters Limited 2001.