Tata Consultancy Services Ltd (TCS), which ranks as India’s largest software services exporter specialising in providing BPO and ITO services, have reported profit growth of 44 percent.

The announcement comes as customers increase their uptake of outsourcing, with the global economic downfall forcing businesses to cut costs.

Despite rising costs within India and reduced margins for similar Indian companies such as Infosys, TCS have said that they expect to see increased profits throughout the next year.