IT Staffing Report: July 25, 2013

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Tata reports strong growth from US

Tata Consultancy Services reported second-quarter revenue rose 21.0 percent on a year-over-year basis to 179.87 billion Indian rupees with strong growth coming from the U.S. As reported in dollars, second quarter revenue was $3.16 billion.

“It has been an all-round performance with strong revenue growth across markets led by the U.S.,” said CEO and Managing Director N. Chandrasekaran. “Our investments in Europe continue to gain strong traction with customers and helped us deliver industry-leading growth this quarter.

Net profit rose 5.5 percent year over year to 3.80 billion Indian rupees. The amount in as reported in dollars was $668.0 million.

Tata added 10,611 people in the quarter, but the net increase in staff was 1,390. Total employees numbered 277,586.

The company acquired French IT services firm Alti S.A. on June 28 for consideration of $83.7 million.

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