India's IT giant reported a 41% revenue increase for the year, propelling revenues past the $4 billion milestone.India's IT services giant Tata Consultancy Services (TCS) hit a milestone this week, crossing US$4 billion in revenues for the first time.
For its latest financial year ended Mar. 31, 2007, TCS reported a 41 percent year-on-year revenue increase to US$4.3 billion on net income of US$950 million.
Explaining the revenue growth, TCS CFO S. Mahalingam said in a statement that the company carried out "several levers in terms of pricing, offshore leverage and cost controls" to boost its profit margins in light of a fluctuating rupee.
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