TCS Q1 net up 19

North America continued to be the top contributor to revenues of the company as the share of revenue from its top 10 clients grew to 28 per cent of revenues from 26.8 per cent in the previous quarter. While we remain vigilant about the environment,TCS is leveraging its global presence and the investments made in developed and emerging markets to deliver our proposition of certainty,which resonates clearly with customers in these challenging times and helps us create long-term value for shareholders, said chief executive officer and managing director S Ramadorai said. Infosys had also posted better results last week.

In Europe,demand uptake from recently-acquired clients is helping sustain growth momentum and the pipeline remains strong,while demand from emerging markets is being driven by system integration and outsourcing engagements. The April-June quarter saw some stability in the core BFSI segment with the US leading the trend,while the UK and Europe are expected to stabilise in subsequent quarters,the company said.