SME Times is powered by   
Search News
Just in:   • Country's growth of 5.3 pc intensifies rate cut demands  • India scraps 20:80 restriction on gold import  • Oil ministry faulted for pricing delays, higher cost to Reliance  • Ireland to repay 9 billion euros IMF loans by year end  • Countries along Silk Road discuss co-operation 
Last updated: 27 Sep, 2014  

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

TCS.jpg
   Top Stories
» Parl passes bill simplifying labour laws for small firms
» India's stand on food security at WTO vindicated: Sitharaman
» 'Textiles, handicrafts exports constantly up in last 3 yrs'
» Govt mulling separate GST for agri, horticulture sector: Secy
» e-visa facility for 43 countries will boost tourism: India Inc
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
61.90
60.90
UK Pound
99.50
97.30
Euro
78.00
76.15
Japanese Yen 54.65 53.40
As on 29 Nov, 2014
  Daily Poll
Do you agree that exports decline in October is an alarming situation?
 Yes
 No
 Can't Say
  Commented Stories
» Govt. approves subsidy for 2,221 cold storages(31)
» Starting an import export business: Basic guide for beginners(9)
» History of Lok Sabha elections(4)
» Winter session: Will politics play spoilsport?(3)
» Govt ready to face winter session, beginning Monday(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter