TCS reported good quarter results

July 13, 2012 by sknlakshmi

TCS consolidated net profit as per Indian GAAP jumped 14.6% to Rs 3318 crore on 12.1% growth in revenue to Rs 14869 crore in first quarter ended June 2012 over previous quarter ended March 2012. Operating profit rose 10.8% to Rs 4077 crore. Consolidated net profit as per IFRS rose 2.89% to $604 million on 3.02% growth in revenue to $2.728 billion in first quarter ended June 2012 over fourth quarter ended March 2012.

The growth was quite broad-based and seen across all industry segments, led by Retail, Telecom and BFSI. There was balanced growth across IT and other service lines led by BPO, enterprise solutions & infrastructure services.  Major markets grew smartly led by UK, USA and Europe alongside growth markets like Latin America, TCS said. TCS added 29 new clients in Q1 June 2012.
TCS is an IT services, consulting and business solutions organisation. It offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services. A part of the Tata Group, India's largest industrial conglomerate, TCS has over 243,000 consultants in 42 countries.

Looking ahead, TCS continues to see good demand from global corporations as they successfully navigate an increasingly complex environment. Its investments in new technologies and platforms are bearing fruit with increasing market traction and confident of playing a pivotal role in its customers' future business evolution.