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Tata Consultancy sees fourth-quarter profit soar        TCS said net income rose to 8.09bn rupees ($179m), or 16.54 rupees a share, in the three months ended 31 March, from 4.7bn rupees, or 9.78 rupees, a year ago. Sales rose 44% to 37.3bn rupees ($836.54m) from 25.8bn rupees, under US accounting standards.    For the full year, the company posted profit of 28.97bn ($649.17m) rupees on sales of 132.6bn rupees     ($2.97bn), and it said it will give one free share for each held to investors and pay 4.5 rupees a share as final dividend.    The company plans to hire 30,500 people during this financial year. It hired 3,751 staff in the fourth quarter, and a total of 21,140 staff in the fiscal year ended in March.    TCS's consulting     engagements are rising, with 77 new additions in the fourth quarter, according to company executives.    The contribution of revenue from Europe, the company's fastest-growing market, rose to 24.3% in the fourth quarter, from 22.1% in the preceding three months. This was helped by a €200m ($244m) order from ABN Amro Holding NV won in     September.    Tata Consultancy's purchases of Comicron, Australia's Financial Network Services Pty., and a unit of Pearl Group late last year allowed the company to add services including banking and insurance transactions.           Tata Consultancy Services, India's biggest IT services provider, reported a 72% rise in fourth-quarter profit, as demand for outsourcing continues. The company plans to hire 30,500 people this year.

CSC is open to offers     hired Goldman Sachs as financial adviser. CSC did not identify any potential buyers in its statement.    The Wall Street Journal initially reported that bidders were interested in the company last November. Although discussions with Lockheed Martin and private-equity firms were reported at the     time, no agreement was reached.    CSC has also said that it will implement restructuring measures: 4,300 jobs will be cut during fiscal 2007, which began on 1 April. Another 700 will go in fiscal 2008. The majority of the cuts will occur in the vendor's Europe operations in consulting     and systems integration.    Van Honeycutt, CSC chairman and CEO, said: "For some time it has been apparent to us, and to other companies in our industry, that there is excess capacity in certain geographies, particularly Europe. After lengthy consideration, we have decided that this is an appropriate time to deal     with the issue through a restructuring. This action is designed to enhance shareholder value regardless of any strategic alternatives we may explore."    The measures, designed to lower costs by $150m this year and $300m the next, will result in pre-tax expenses of $345m and $30m respectively.     Computer Sciences Corporation has responded to recent expressions of interest in the company with an announcement that it will consider strategic options, including a sale. The company has

Xansa wins outsourcing contract with Lloyds TSB     Xansa has won a five-year contract to supply finance and accounting services to banking giant Lloyds TSB. Financial terms of the contract were not     disclosed.    Under the contract, Xansa will provide accounts payable, employee expenses and fixed asset accounting and it will process more     than 330,000 invoices and 144,000 expenses claims each month from its offshore centres in India.    The Lloyds TSB contract win comes two     weeks after Xansa announced it had won a £27m contract to establish and manage an internet platform that will allow three government departments     to deliver essential electronic services.

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