Thursday, July 15, 2010

TCS net up 24% to Rs 1,906 cr in Q1FY11

The country's top software exporter Tata Consultancy Services today reported a 24.25 per cent jump in its June quarter profit at Rs 1,906.07 crore over the year-ago period. The IT major had reported a net profit of Rs 1,533.94 crore in the first quarter of last fiscal.

Income from operations rose to Rs 8,217.28 crore in the first quarter of this year from Rs 7,206.99 crore in the year-ago period, TCS said in a filing to the Bombay Stock Exchange this evening. The company has declared an interim dividend of Rs 2 per equity share of Re 1 each.

Operating profit was at Rs 2245 crore, a growth of 24.6 per cent YoY and 3.7 per cent QoQ. The company added 36 clients in Q1.

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