| TCS consolidated net up 36% in Q1 |
| BS Reporter / Mumbai July 16, 2007 |
| Volume and pricing growth helped India's largest IT services provider, Tata Consultancy Services (TCS), to partly offset the effects of a wage hike and an appreciating rupee in the first quarter ended June 30, 2007(Q1FY08). The firm posted a consolidated net profit (Indian GAAP) of Rs 1,203 crore - a 36.3% increase over the same period last financial year. Its consolidated revenue of Rs 5,203 crore was a 25.2% increase over the corresponding quarter's figure the previous year. When compared to its growth over the last quarter's figures, though, the IT major saw a marginal rise of 0.8% over the previous quarter's revenue of Rs 5,162 crore and 0.7% in the previous quarter's net profit of Rs 1,195 crore. |
