Monday, November 29, 1999

TCS expects revenue impact from weak euro, pound

News posted by www.newsinfoline.com

The weakening euro and sterling currencies are likely to impact revenue at Tata Consultancy Services Ltd, India's top software exporter, its chief executive said on Friday.However, there is not likely to be any direct impact on business from the eurozone debt crisis, N. Chandrasekaran told a news conference.A global economy on the mend, recent deal wins and stable fees have brightened the outlook for export-driven Indian IT firms such as Tata Consultancy and rival Infosys Technologies, after the recession hit the sector.(Reporting by Sayantani Ghosh; Editing by Tony Munroe)(For more business news on Reuters India click http://in.reuters.com)
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