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TCS plans consolidation of business units to boost revenue growth

The IT firm is planning to raise the size of the business units with own profit and loss accounts to around $400 - $500 million from $100 - $150 million at present

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Debasis Mohapatra Bengaluru
In a bid to boost its revenue growth, IT services major Tata Consultancy Services (TCS) is revisiting its strategy by raising the size of its business units, apart from identifying the next billion dollar bets in the digital services space.

People aware of the development said the IT firm is planning to raise the size of the business units with own profit and loss (P&L) accounts to around $400 - $500 million from $100 - $150 million at present. These business units, which have end-to-end responsibilities with lot of operational and financial autonomy, are being reorganised to weed out duplication.

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Topics : TCS