Tata Consultancy sees Europe rev share at 30-35 pct

MUMBAI, July 16 (BestGrowthStock) – Tata Consultancy Services
(TCS.BO: ), India’s top software earner, expects Europe to
account for 30-35 percent of its revenue in 3-5 years as
outsourcing demand increases, its chief executive said on
Friday.

The company could raise prices by the end of the 2011
financial year, N. Chandrasekaran told Reuters.

On Thursday, TCS, which counts Citigroup (C.N: ) and General
Electric (GE.N: ) among its clients, posted a 21 percent rise in
quarterly profit above street estimates and said it was seeing
strong demand but cautioned about economic conditions in
Europe. [ID:nSGE66F01R]
(Reporting by Sumeet Chatterjee; Editing by Ranjit
Gangadharan)

Tata Consultancy sees Europe rev share at 30-35 pct