Tcs Plans To Tap Japanese, Sa Markets

Tata Consultancy Services (TCS), in a bid to expand its operations, will tap the Japanese and South African markets in a big way. TCS is currently working on `Quartz , an investment banking software, aimed at the European market.

TCS, which posted a turnover of Rs 720 crore and net profit of Rs 175 crore during 1996-97, has emerged as one of the largest software & consultancy firm in Asia with a workforce of nearly 8,500 professionals.

We are a market-driven company rather than a `techno-centric entity. In software products, pricing structure and easy-to-use features are our key strategy in the domestic market, said Lal C Singh, senior vice-president, TCS. We hope to maintain 35 per cent CAGR during the current year, he added.

The company will launch EX Next Generation (EX NGN), its latest business accounting software package in the EX series built in collaboration with Microsoft, by the end of September. TCS will also pep up its brand visibility, and open new outlets.