| TCS Q2 net up 23% at Rs 1,252cr |
| BS Reporter / Mumbai October 15, 2007 |
| Strategic investments in new services and new markets helped India's largest IT services provider, Tata Consultancy Services (TCS), beat the rupee appreciation against foreign currencies -- and hence market expectations -- to post a consolidated revenue of Rs 5,640 crore in the second quarter ended September 30, 2007. The Indian GAAP (Generally Accepted Accounting Principles) figure was up 25.4 per cent (Y-o-Y) when compared to last year's revenue figure of Rs 4,495 crore during the same period. The company's net profit touched Rs 1,252 crore this quarter, a jump of 22.8 per cent when compared to last year's figure of Rs 1,019 crore for the same period. Sequentially (when compared with the previous quarter's figures), TCS' revenue grew 8.4 per cent in rupee terms (10.8 per cent in dollar terms), while its net profit increased by 4.1 per cent in rupee terms (and 6.3 per cent in dollar terms). The Mumbai-based company has become the first India-based IT firm to cross the landmark of 100,000 employees. It added 9,268 (net) employees this quarter. Chief Executive Officer and Managing Director, S. Ramadorai, said: "Our strategic investments in new services like consulting, infrastructure and platform-based BPO as well as new markets are helping us accelerate growth and diversify our revenue base, thereby reinforcing our full services capability. |
