TeleCommunication Systems Inc. or TCS (TSYS) said its Short Message Service Center or SMSC application running on platforms in wireless carriers' networks is set to process close to 700 billion text messages by the end of 2009 and is poised to handle the tremendous surge in messaging forecasted for this holiday season.
TCS noted that its messaging software has already powered about 480 billion messages through the third quarter of this year, surpassing the expected 2 billion messages per day mark.
According to Frost and Sullivan's recent report, the text messaging demand is projected to increase by more than 50% in 2010.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.