Tata profits jump, but US sales fall

Indian outsourcer Tata Consultancy Services saw fourth quarter net profits jump 38% on the same quarter last year.

Indian outsourcer Tata Consultancy Services saw fourth quarter net profits jump 38% on the same quarter last year.

For the three months ended 31 March, net profits were £283m. Sales for the full year reached £1.24bn.

Despite the improvement in net profits, Tata said sales for the fourth quarter were down from the third quarter, and attributed the fall to less business generated from its main North American operations.

The company, which employs 45,000 staff, is now focusing more on Europe to make up for the shortfall in North American sales.

The company’s biggest US customer is General Electric, which represented around 14% of Tata’s international sales for the year, down from almost 15% the previous year. 

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