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Indian software giants trumpet strong growth momentum

Analysts have previously said that digital services will be a driver for almost all top technology companies in India and could translate into a strong deal pipeline in coming quarters.

Indian technology duo Tata Consultancy Services (TCS) and smaller rival Infosys expect continued strong growth in the new financial year, they said on April 12 after posting strong fourth-quarter numbers.

IT companies, now facing a margin squeeze in traditional outsourcing, are helping global clients to transform legacy businesses using digital services, automation and artificial intelligence.

Analysts have previously said that digital services will be a driver for almost all top technology companies in India and could translate into a strong deal pipeline in coming quarters.

TCS, India’s biggest software exporter, said the company has achieved healthy order flows across multiple segments and from all major markets including Europe, the United Kingdom, India and the Middle East.

“That’s one of the big things that give us the confidence about the momentum we see,” TCS Chief Executive Rajesh Gopinathan told a Mumbai news conference.

The company reported record quarterly profit for the three months to March 31 at 81.26 billion rupees ($1.17 billion), up from 69.04 billion rupees last year.

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DylanThomas

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