Indian IT services and consulting firm TCS has crossed the $10bn mark in annual revenues reaching $10.17bn in the fiscal year 2012, up 24% compared to the previous fiscal.
Revenues from infrastructure services, enterprise solutions and BPO units crossed $1bn in 2011-12, while all other service lines also grew by double digits.
The company has reported revenues of $2.64bn in the fourth quarter of fiscal 2012, up 2.4% compared with the corresponding quarter in the last fiscal.
Net income for the fourth quarter was $585m, an increase of 3% when compared with the same quarter previous fiscal, while net income for the whole fiscal year was $2.24bn compared with $1.94bn in the previous fiscal.
TCS CEO and MD N Chandrasekaran said the company has carried its strong momentum through the fourth quarter to close out a year of strong growth.
"With our customer-centric approach, strong solution set and investments in game-changing technologies like mobility, big data and cloud, we remain well positioned to help our customers transform and drive growth in their businesses," Chandrasekaran said.
"TCS is well prepared to achieve balanced growth across the industries and markets it operates in, given its holistic portfolio of services which are now achieving significant scale across markets."
