Reuters Summit-UPDATE 2-India TCS sees slower Q3 volume growth
(For other news from the Reuters India Investment Summit, click here)
* Volume growth in Dec qtr likely to be lower than Sept qtr
* Pricing pressure not intense
* Expects wages to rise next fiscal year
* North America to be an engine of growth (Adds order pipeline report in para 7, closing price in final para)
By Janaki Krishnan and Bharghavi Nagaraju
MUMBAI, Nov 23 (Reuters) - Tata Consultancy Services (TCS.BO: Quote, Profile, Research), India's top outsourcing company, said on Monday it does not expect volume growth in the December quarter to match the September quarter as firms are still deciding on IT budgets.
"As far as this quarter is concerned, it will certainly be a growth quarter. But we don't believe it will be same growth, in terms of volume, as the previous quarter," Chief Financial Officer S. Mahalingam told the Reuters India Investment Summit.
The company's revenue rose 3.2 percent in the September quarter over the June quarter. Continued...
Economy seen growing at 7.2 pct in FY10 - govt
The forecast reinforces the possibility that the government may start to unwind its fiscal stimulus in the budget. Full Article
AIDING GREECE
Eurozone agree in principle to aid Greece - source
Euro zone countries decide to help debt-stricken Greece. Full Article | Video
India
US
UK
