On a consolidated basis, TCS' net profit rose 53.1% to Rs 5684 crore on 6% increase in revenue at Rs 25668 crore in Q1 June 2015 over Q4 March 2015. Operating income grew 76.5% to Rs 6724 crore in Q1 June 2015 over Q4 March 2015.
During the quarter, TCS posted the incremental revenues of $136 million driven by strong growth across core markets led by North America, UK, Europe, MEA and Asia Pacific. Growth among industry segments was led by retail, life sciences, BFSI and telecom. Asset-leveraged solutions led the growth among service lines followed by infrastructure, assurance and BPS.
Commenting on the Q1 performance, CEO and MD, N Chandrasekaran said: "Demand from our core markets like North America and greater traction for 'Digital' solutions in key verticals like Financial Services, Retail and Life-Sciences has driven volumes and growth in Q1. Our significant investments in IP and platforms, digital capabilities and our execution track record gives us a firm foundation to capture growth in the current financial year."
Mr Chandrasekaran added: "Given the strong pipeline and market adoption of digital across industries, we are investing to train over 100,000 professionals this year in all relevant technologies."
Rajesh Gopinathan, Chief Financial Officer, said: "Our disciplined approach to all aspect of operations have helped maintain operating margins within our stated range despite hedging volatility and the impact of our annual cycle of salary hikes and promotions. We continue to focus on optimizing our cash conversion ratios and investing in people and technologies ahead of our business needs."
Wipro announced after market hours yesterday, 9 July 2015, that Wipro Digital, its digital business unit, intends to acquire Designit, an award winning and global strategic design firm specializing in designing transformative product-service experiences. This investment marks a further stage in Wipro's move to evolve the digital offer it takes to market, combining its reputation and heritage in deep engineering and transformative technology with human centered-design methods.
Designit's capabilities and proven record in strategic design, user experience (UX), interaction design (IxD) and product innovation result in meaningful product-service experiences that help people live smarter, healthier and more productive lives. Designit's expertise in experience-driven design complements Wipro Digital's capabilities in technology, digital strategy, design, and digital architecture. Together, the two organizations become a comprehensive and scalable global digital transformation partner for the entire C-suite, helping to improve customer experience while radically digitizing business operations, Wipro said in a statement.
Since its founding in 1991 in Aarhus, Denmark, Designit has become one of the world's largest, privately-held design firms. Employing more than 300 people in nine offices globally, it delivers transformative product-service experiences for some of the world's most innovative brands in healthcare, telecom, banking, automotive, and retail. "Design is no longer about beautification. It is about creating a strategic foundation, driving growth and change across industries. We have much of the technology needed, but we need to design the human experience in ways that make sense to us, and for the way we live and work. That's why design today is so influential and strategic, Wipro added.
Infosys said it will offer the Finacle suite of software solutions on Verizon Cloud. The fully integrated Finacle Core and Digital banking solutions, currently serving over 547 million consumers worldwide, are now available in a Software-as-a-Service (SaaS) model for community financial institutions in the US.
The Finacle solutions provide a single real-time view of customers, members, products and transactions and enable the creation of bespoke services for customers. These help banks and credit unions to enhance operational efficiency, accelerate speed-to-market for new offerings, and reduce time and cost of compliance. The new SaaS offerings of Finacle will empower financial institutions to deliver a multichannel experience to customers, without major capital investment and with greater flexibility and ease, Infosys said in a statement. The announcement was made after market hours yesterday, 9 July 2015.
JSW Energy said after market yesterday, 9 July 2015, that the company has signed a non-binding memorandum of understanding (MOU) with Monnet Ispat and Energy (MIEL) and Monnet Power Company (MPCL) for initiating a due diligence process for the possible acquisition of a majority stake in MPCL, which is setting up a 1050 MW (2x525 MW) coal fired thermal power plant located at Malibrahmani, Angul, Odisha.
JSW Energy turns ex-dividend today, 10 July 2015, for dividend of Rs 2 per share for the year ended 31 March 2015 (FY 2015).
Tata Steel said after market yesterday, 9 July 2015, that hot metal production rose 2.4% to 2.59 million tonnes in Q1 June 2015 over Q1 June 2014. Crude steel production rose 0.5% to 2.35 million tonnes in Q1 June 2015 over Q1 June 2014. Sales rose 2% to 2.14 million tonnes in Q1 June 2015 over Q1 June 2014.
Maruti Suzuki India said its bestseller Celerio clocked sale of over 1 lakh units. Launched at Delhi Auto Expo 2014, Celerio is credited with introducing Auto Gear Shift Technology in the Indian automobile industry. By offering the convenience of automatic transmission at an affordable cost and with fuel efficiency at par with manual transmission, Celerio has delighted customers by fulfilling a latent need. Sensing the customer need, Maruti Suzuki introduced the Celerio Diesel in June 2015, the company said in a statement. The announcement was made after market hours yesterday, 9 July 2015.
Celebrating the landmark, RS Kalsi, Executive Director, Marketing and Sales, Maruti Suzuki India said, "We thank customers for their support to brand Celerio. Celerio is the first car in India to introduce the acclaimed Auto Gear Shift technology and almost one third of the sales are of the Auto Gear Shift variants. Customers appreciated the convenience of automatic gear shifting with no loss in fuel efficiency on Celerio and within a year of its launch the company's share in the lower hatchback has shot up to 71% from 61%."
Celerio is the only car to be available in petrol, CNG and diesel fuel options and offer two transmission options (Manual and Auto Gear Shift). Celerio is one of Maruti Suzuki's top selling models and among the top 10 selling cars in India.
Cipla announced after market hours yesterday, 9 July 2015, that its board approved divestment of its consumer healthcare business to a wholly-owned subsidiary (proposed to be incorporated) on a going-concern basis by way of a slump sale for a consideration of Rs 10.5 crore.
The aforesaid divestment would enable the company to participate in the attractive & growing over-the-counter ("OTC") market. This business requires a specialised FMCG kind of focus. A separate subsidiary would enable the company to attract right talent and provide the focus and attention required for this business, Cipla said in a statement.
The amount and percentage of the turnover contributed by the OTC division of the company, during the last financial year 2014-15 was Rs 34.88 crore or approximately 0.3% of the Total Income (Audited Consolidated) of the company for fiscal year (FY) 2014-2015. The net worth of OTC division of the company as on 31 March 2015 was Rs 6.45 crore contributing 0.06% of the net worth of the company. The sale agreement is yet to be finalized. The transaction is expected to be completed in the third quarter of FY 2015-2016, subject to receipt of necessary approvals.
None of the persons belonging to Promoter / Promoter Group(s) of the company has any interest in the transaction. The transaction is a related party transaction and it is being done on an arm's length basis, Cipla said.
Aurobindo Pharma said that the shareholders at the extraordinary general meeting of the company held on 9 July 2015 approved issue of one bonus equity share for every one equity share held in the company as on the record date. The announcement was made after market hours yesterday, 9 July 2015.
Snowman Logistics said it entered into a three year service agreement with international food services giant COMPASS (CGISS), signaling the start of a new vertical at Snowman. Compass India is a part of Compass Group PLC, one the world's leading food and support services company. As per the agreement, Snowman will address the complete supply chain needs of the food service division of Compass India. The announcement was made after market hours yesterday, 9 July 2015.
Gujarat State Fertilizers & Chemicals said that is contemplating to set up the petrochemical complex at Dahej with an estimated capital outlay between Rs 8000 to 10000 crore. The status of this complex at present is at the feasibility study/DPR as well as search/selection of technology suppliers. Though the intimation technically does not require to be given at this stage, however, the same is being made to insulate the company against regulatory disclosure requirements that might emerge on account of news item electronic as well as print which might be aired. The announcement was made after market hours yesterday, 9 July 2015.
Great Eastern Shipping Company said that Greatship (India) (GIL), a wholly owned subsidiary of the company, has incorporated a new wholly owned subsidiary 'Greatship OilfieId Services'. The announcement was made after market hours yesterday, 9 July 2015.
Dr Reddy's Laboratories turns ex-dividend today, 10 July 2015, for final dividend of Rs 20 per share for the year ended 31 March 2015 (FY 2015).
Bank of India turns ex-dividend today, 10 July 2015, for dividend of Rs 5 per share for the year ended 31 March 2015 (FY 2015).
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