Tata Consultancy Services aiming at revenues of $4 billion this fiscal year

India’s dominating software company Tata Consultancy Services has said in a statement that they are aiming at achieving USD 4 billion in revenues this fiscal year.

However, this would require the company to post a growth rate of 30 per cent over the next two quarters.

S Ramadorai, managing director and CEO TCS said in a statement on their near term goals: “We have a target to achieve $4 billion in revenue by the end of this fiscal growing at 30 per cent and for the last five years we have been growing at a compounded annual growth rate of over 30 per cent.”

The company had ended the last fiscal year with revenue of $3 billion. The company added that they are aiming to achieve revenues of USD 10 billion by the end of the current decade. Ramadorai said: “2010 is sometime away… we have had a CAGR of over 30 per cent. We can achieve it.”

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