f/TCS_PressRelease_IndianGAAP_Q1_07.pdfhttp://www.tcs.com/investors/pdf/TCS_PressRelease_IndianGAAP_Q1_07.pdf">Tata Consultancy Services (TCS) today announced a consolidated net profit of Rs 882.66 crore for the quarter ended June 30, 2006 (Q1FY07) whereas the same was Rs 630.62 crore for Q1FY06.
"TCS performance is consistent with growth targets. There was stronger retail and telecom growth in the US," MD & CEO S Ramadorai told assembled media and analysts at a conference in south Mumbai. He said he was confident of maintaining margins for the coming year as well. TCS does not offer guidance like other IT companies.
TCS announced several new wins in the banking, retail and telecom space across North America, Europe and the Middle East. The company said it had also been engaged by a major healthcare service provider in Asia Pacific for developing a integrated healthcare solution.
TCS said it achieved `impressive' wins in the BPO space. One deal was struck with an American pharmaceutical company for clinical data management, statistical analysis and medical writing services and a US office products manufacturer.
The IT major also announced fresh business forays in infrastructure services, assurance services, engineering and industrial services, asset leveraged solutions and in its global consulting practice. "The Global Consulting Practice generated 95% of its revenues during the quarter with existing customers," the company said.
The company said the growth markets continued to be Brazil, Hungary, Uruguay and China with new infrastructure project business coming in from Hungary.
