Tata first Indian company to reach two billion dollars in revenue

The largest Indian software company Tata Consulting Services http://www.tcs.com has become the first Indian information technology company with annual revenue of higher than two billion dollars, despite announcing disappointing fourth quarter results, which reflect the weak dollar and increased employee bonuses. As the Wall Street Journal (WSJ) http://www.wsj.com reports, for the fourth quarter ended on March 31, Tata's net income fell by 34 per cent to 4.71 billion rupees (83 million euros). For the entire year ended March 31, profit rose by 38 per cent to 22.56 billion rupees (397.3 million euros). The company's revenue for the entire year increased by 37 per cent to 92.27 billion rupees (1.63 billion euros).