November 19, 2006
TCS Bags $ 100 m Kimberly-Clark Contract
TCS seems to be on a deal-winning spree. The latest deal TCS bagged is from US healthcare company Kimberly-Clark, which owns brands like Huggies and Kleenex. The US$100 million deal follows on the heels of the $90 million deal TCS signed with Qantas Airways last week. The company is also said to be closing in on a major deal from Bank of China.
The Indian outsourcing industry is dependent on oversees clients for a major part of its revenues. The US is one of the largest markets for Indian software firms. If the Bank of China deal comes through, it will be one of the largest outsourcing deals in Asia. Sda-india.com reports:
Earlier, TCS announced that it was working on at least five deals and was hopeful of garnering over USD 100 million in this quarter. A 200 million euro contract from ABN Amro and a USD 200 million deal from CitiGroup were the other major deals bagged by the company.
Read more: TCS Wins USD 100 Mln Outsourcing Contract from Kimberly-Clark
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