Saturday, August 29, 2009

TCS Sees $30-100 Mn BP Deal Revenue

. Saturday, August 29, 2009

By stockOzone team

Tata Consultancy Services (TCS) said it expects to get $30 million-100 million revenue on an annualised basis over the next three-five years from its recently won deal with BP.

Talking about the potential of the deal TCS Chief Executive Ramadorai said, "It could be anywhere around $30-100 million in the next three-five years."

To a query on when would revenue from the contract start flowing, he said, "I think it will start by the third quarter, in a small way but more importantly by next year."

TCS was one of the outsourcing firms that won five-year IT contracts from oil and gas major BP earlier this week. TCS had been selected for engagements in refining, manufacturing and corporate IT with opportunities across fuel value chain including upstream and trading.

Disclosure: Author does not own any of the stocks discussed here.

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