Consultancy shows higher profits than last year Tata Consultancy Services Ltd. (TCS), India’s largest outsourcer, announced strong revenue and profit growth for its fiscal year ended March 31, as it increased its services portfolio and added 218 new customers during the year.The company’s revenue for the year was 186 billion Indian rupees (US$ 4.3 billion at the exchange rate on the last date of the fiscal year), up by 41 percent from revenue in the previous year. Profit, at 41 billion rupees, was higher by 43 percent over profit a year earlier.TCS sees continuing strong demand and better prices for its services in the current fiscal year, S. Mahalingam, chief financial officer of the company, told analysts on Monday. Indian outsourcers are grappling with higher staff costs, and the strengthening of the rupee against the U.S. dollar. TCS said it was able to counter the impact of the stronger Rupee by higher pricing, cost-cutting, and delivering more of the work offshore from India.The company’s staff attrition rate for the year was 11.3 percent, lower than reported earlier this week by competitor Infosys Technologies Ltd. of Bangalore. TCS of Mumbai added 22,750 staff during the year, taking total staff strength to 89,419.Riding a boom in offshore outsourcing, Indian outsourcing companies are expected to report strong results for the Indian fiscal year ended March 31. Infosys, India’s second largest outsourcer, reported last week a 44 percent growth in revenue and 53 percent growth in profit for the year. India’s third largest outsourcer, Wipro Ltd. of Bangalore, reports its results for the fiscal year on Friday. Technology Industry