Tata Consultancy sees Europe rev share at 30-35 pct

MUMBAI, July 16 (Reuters) - Tata Consultancy Services (TCS.BO), India's top software earner, expects Europe to account for 30-35 percent of its revenue in 3-5 years as outsourcing demand increases, its chief executive said on Friday.

The company could raise prices by the end of the 2011 financial year, N. Chandrasekaran told Reuters.

On Thursday, TCS, which counts Citigroup (C.N) and General Electric (GE.N) among its clients, posted a 21 percent rise in quarterly profit above street estimates and said it was seeing strong demand but cautioned about economic conditions in Europe. [ID:nSGE66F01R] (Reporting by Sumeet Chatterjee; Editing by Ranjit Gangadharan)