India Tata Consultancy eyes acquisitions in Germany, Japan

MUMBAI: India's leading software services exporter, Tata Consultancy Services (TCS), is eyeing acquisition opportunities in Germany and Japan in the healthcare sector, its chief executive said on Monday, as the company aims to expand its geographical presence and product offerings.

TCS expects to see "marginal improvement" in pricing for the fiscal year that started in April and expects to sustain the current operating margins, N. Chandrasekaran told Reuters in an interview.

TCS, whose clients include Citigroup and General Electric, last week reported a market beating 23 percent rise in fourth-quarter profit on rising demand and flagged wage hikes and currency volatility as main threats to its profit margins for 2011/12.