SME Times is powered by   
Search News
Just in:   • Sensex hits record high  • Rocket explosion not end of NASA-private sector collaboration  • Dr Reddy's Q2 net down by 17 percent  • 'Rubber cultivation in northeast vital to meet demand'  • Trade group seeks to reinvigorate US-India agri partnership 
Last updated: 27 Sep, 2014  

TCS.9.Thmb.jpg TCS Q3 profit rises 27 pc to Rs.3,550 crore

TCS.jpg
   Top Stories
» India slips in World Bank's Ease of Doing Business index
» '15 new Technology Centers to build SME clusters'
» Foreign investment norms in construction further relaxed
» Cabinet nod for India-Mozambique MoU on oil, gas cooperation
» India for separate norms on aid by developing nations
SME Times News Bureau | 15 Jan, 2013
Tata Consultancy Services, India's largest software services exporter, Monday reported a 26.7 percent rise in net profit to Rs.3,550 crore in the third quarter of the current financial year, beating analysts forecasts.

The company's revenue increased 21.7 percent to Rs.16,070 crore in the quarter ended December 2012, while operating margin expanded 0.56 percent to 27.3 percent.

TCS announced better-than-expected earnings a couple of days after the second largest software exporter Infosys beat markets estimates.

"We have had an excellent quarter of well rounded performance and have driven a higher quality of revenue and increased profitability through focus on productivity and innovation," said N. Chandrasekaran, chief executive officer and managing director of TCS.

"We believe that clients are going to invest in making their operations digital-ready in 2013 and drive business growth. TCS is well positioned to help client in this journey," Chandrasekaran said.

The company said in a statement that there was a broad-based growth in business during the quarter under review.

"Mature markets USA and UK led the growth story. Amongst growth markets Latin America showed double digit growth sequentially, followed by India."

TCS share price rose 2.14 percent to Rs.1,334.30 at the Bombay Stock Exchange Monday. The results were announced after the market closed.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
62.30
61.30
UK Pound
101.25
99.00
Euro
79.00
77.10
Japanese Yen 56.90 55.55
As on 30 Oct, 2014
  Daily Poll
Will PM's 'Come and make in India' mantra spur economic growth?
 Yes
 No
 Can't say
  Commented Stories
» Unease of doing business in India(23)
» Starting an import export business: Basic guide for beginners(16)
» Labour reform - a step taken forward(4)
» Making Indian MSMEs globally competitive(2)
» Govt should treat SMEs and start-ups differently: Jayant Kumar(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter