TCS to spend Rs 1400 cr on tech, expansion
The company plans to spend 30 per cent of the outlay on technology and the rest for setting up infrastructure services, reports Venkatesh Ganesh.business Updated: Jun 29, 2007 22:21 IST
TCS, India's largest software exporter with revenues of $4.3 billion, has lined up a Rs 1,400 crore capital expenditure plan for 2007-08. The company plans to spend 30 per cent of the outlay on technology and the rest for setting up infrastructure services such as new development centres.
Further, the company plans to expand its footprint across geographies from China, Latin America to Europe and Africa, where it plans to set up software development centres.
TCS has 148 offices globally and it plans to set up more. These offices house about 85,000 employees and the company will cross the 100,000-employee mark by the end of 2007-08.
Outlining the growth strategy, TCS Managing Director S Ramadorai said the focus areas would be emerging markets.
Latin America contributes 3.85 per cent, Asia-Pacific 4.78 per cent and Middle East and Africa 1.46 per cent to TCS’ overall revenue. The US and Europe continue to dominate with 52.43 and 20.29 per cent revenue, respectively.