TCS first quarter profit up by 37 per cent
Tata Consultancy Services reported a 37 per cent rise in its quarterly profits at Rs 796.69 crore.india Updated: Jul 18, 2006 22:44 IST
Tata Consultancy Services on Tuesday reported a 37 per cent rise in its quarterly profits at Rs 796.69 crore.
The total income of the country's largest IT firm, stood at Rs 3,465.9 crore as against Rs 2,276.32 crore posted an year ago.
"We experienced growth in all verticals... The order pipeline is robust and we will focus on driving sustainable growth," TCS MD and CEO S Ramadorai told reporters.
The board has recommended an interim dividend of Rs three on shares of Re one each.
TCS added 62 clients along with a total of 7,095 employees during the reported period.
Though the first quarter results of TCS has beaten the expectations, analysts say the company would touch $4 billion mark at the end of the fiscal.
During the quarter the American revenues stood at Rs 2,061 crore as against Europe's Rs 893 crore and Indian Rs 308.4 crore.
TCS, posted a consolidated net profit (after minority interest and share of profit of associates) of Rs 882.66 crore as against Rs 630.62 crore for the same period last fiscal.