Tata Consultancy Services (TCS), has posted strong quarterly growth, with net profit of US $748 million and a 14 per cent rise in revenue.

The success comes as Tata along with other Indian based outsourcers enjoy strong profit forecasts as the U.S. economy begins to recover and service providers enjoy increased demand.

India’s second largest outsourcer Infosys, outperformed expectations with last week’s sales growth announcement of 3.8 percent.

The recent growth represents the strongest performance growth in nine quarters in Q2.

Rajesh Gopinathan, chief financial officer, said: “"Strong volumes, currency tailwinds and firm execution helped us post industry-leading operating margins in this quarter".

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Tata posts strong fourth quarter growth