Tata Consultancy Services have posted strong results from the fourth quarter as global outsourcing markets grow.

Revenue grew by 14 percent year-on-year at nearly $3 billion while profit increased by 14.8 percent from the same time last year.

Growth in traditional markets including the US and Europe has been balance however emerging markets in Latin America have produced high level results.

2013 growth is expected to be bolstered by demand for cloud technology.