TCS net grows 7 p.c. in Q1 - CIOL News Reports

TCS net grows 7 p.c. in Q1

The company posts revenues of Rs 6411 crore

Wednesday, July 16, 2008

Email This

Print This

Comments

RSS

MUMBAI INDIA: Tata Consultancy Services (TCS) has reported a net profit of Rs 1291 crore for the first quarter ended June 30, 2008 with a growth of 7 per cent over the corresponding quarter same year.

For the first quarter, the company's total revenues stood at Rs 6411 crore, with a growth of 24 per cent year-on-year.

On a sequential basis, revenues have seen 6 per cent growth and net profits are up by 4 per cent.

During the quarter, the company added 8982 employees and its attrition rates stands at 12.8 per cent, including its BPO operations.

At the end of the quarter, the total employee strength was at 116,308 of 64 different nationalities. Out of the total employee strength, 29 per cent are women and foreign nationals formed 9.2 per cent.

The company said its earnings per share for the quarter was at 13.19. The company announced a dividend of Rs 3 per share.

"We have been able to respond to the challenging macro environment and drive growth in the business under tough operating conditions and manage costs. TCS is cautiously optimistic about the rest of the year," said S Ramadorai, CEO and managing director.

S Mahalingam, CFO and executive director, said: "TCS is focused on extracting greater operational efficiencies through rigorous cost management programs that have helped us hold operating margins steady in Q1 despite the impact of the annual wage increases during the quarter."
©CyberMedia News

Email This

Print This

Comments

RSS

Interact, Collaborate & Share

With Lotus Quickr your everyday business content can be easily shared, enabling operational efficiency. Download the Lotus Quickr demo to learn how.

know more..

	SAP Technology optimises Business
	Try visual studio 2008. It’s Free
	Complexicity or Simplicity - Choose

	Motorola : Good Mobile Messaging
	Smart Enterprises = Smart CIOs
	TAM : Freedom from password management

	Mahindra Connect benefits from SharePoint Server 2007
	Solving the "lost data" problem
	Wipro meets its future demands through E-Cube

	HP Business Availability Center
	Transforming Business
	Aligning IT and Business