TCS billing rates up, no subprime hit

Bangalore, Sept 7: Tata Consultancy Services Ltd, one of the major software serive exporters of India has been able to raise its billing rates 3-4 per cent for existing contracts and over 5 per cent for new deals, a top company executive said.

"The outlook for deals is good and the company sees no adverse impact from the US subprime crisis, said N Chandrasekaran, the Chief Operating Officer .

"We would continue to monitor the fallout of subprime very closely. Having said that, we don't see any impact," he added. OneIndia News
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