The Hindu : Business : TCS net up 36 p.c. at Rs. 1,203 cr.

Online edition of India's National Newspaper
Tuesday, Jul 17, 2007
ePaper

Business

Business

TCS net up 36 p.c. at Rs. 1,203 cr.

Special Correspondent

Declares Rs. 3 per share dividend

MUMBAI: Tata Consultancy Services (TCS) on Monday reported a 36.3 per cent rise in its consolidated net profit at Rs. 1,213 crore in the first quarter ended June 30, 2007, against Rs. 890.22 crore in the corresponding quarter in the previous year. The company also announced a dividend of Rs. 3 per share. Total revenues during the quarter went up by 27 per cent to Rs. 5,364.67 crore from Rs. 4,225.62 crore in the same period in the previous year.

“TCS delivers certainty in a volatile quarter. Pro-active, long-term exchange management helps maintain profitability.

Six customers with annual billings of over $100 million plus,” the company said in a press release.

S. Ramadorai, CEO and Managing Director of TCS, said: “This quarter has validated the strength of our business model and our ability to respond to the external financial environment and drive growth under challenging circumstances. Despite factoring in wage hikes and an appreciating rupee, we have maintained profitability by great execution, demand creation and strong financial management. Our focus on delivery excellence continues to provide the experience of certainty to our customers.”

Printer friendly page
Send this article to Friends by E-Mail

Business