Source: Hindu

Software services provider, Tata Consultancy Services, is aiming to end the current fiscal with $ 4 billion in revenue, which will require a growth rate of 30 per cent over the next two quarters.

“We have a target to achieve $ 4 billion dollars in revenue by the end of this fiscal growing at 30 per cent and for the last five years we have been growing at a compounded annual growth rate of over 30 per cent,” S Ramadorai, Managing Director and CEO TCS said on the sidelines of a Nasscom Conference.

The TCS scrip was trading down 1.3 per cent at Rs 1143.

TCS, a Tata Group company ended the fiscal 2006 with a revenue of $ 3 billion. Consolidated revenues of TCS for the year 2005-06 was Rs 13,386.23 crore ($ 3 billion).

On the Vision 2010 target of $ 10 billion revenue, the company hopes to be able to touch it.