SME Times is powered by   
Search News
Just in:   • Profit booking subdues equity markets, end in red  • Technology will help government reach last man: President  • Chinese yuan weakens to 6-year low against USD  • Mamata gives physical possession of land to Singur farmers  • Reliance Industries beats expectations with Q2 results 
Last updated: 27 Sep, 2014  

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

   Top Stories
» Banks block over 3 million debit cards due to ATM security breach
» GST rates should be close to current rate: Retailers
» New Zealand PM's India visit to boost trade ties: MEA
» RBI reviews global, domestic challenges to economy
» 'Indian cos must gear up to face challenges from China'
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 :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 65.55 63.35
As on 22 Oct, 2016
  Daily Poll
GST will benefit small and medium enterprises (SMEs)
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(10)
» Govt schemes - are they reaching SMEs(3)
» BRICS must now walk the talk(2)
» PM Modi concludes BRICS summit, calls it a success(2)
» Rs 2,000-cr credit guarantee fund for start-ups soon(2)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter