TCS Reports Q3TCS Reports Q3

Tata Consultancy Services reported its consolidated financial results according to US GAAP for the quarter ended December 31, 2006

January 15, 2007

1 Min Read

MUMBAI -- Tata Consultancy Services (BSE: TCS.BO, NSE: TCS.NS) reported its consolidated financial results according to US GAAP for the quarter ended December 31, 2006. Highlights for Quarter Ended December 31, 2006

  • Total Revenues at Rs 48,605 million ($1.1 billion) up by 8.44% Q-on-Q

  • Net Income at Rs 11,047 ($250 million) up by 11.41% Q-on-Q

  • EPS up from Rs 10.13 in Q2 to Rs. 11.29 ($ 0.26 ) in Q3

  • 55 new clients added in Q3

  • 7,835 employees joined the company in Q3

  • Dividend of Rs 3 per share announced



Commenting on Q3 performance, CEO and MD of TCS, S. Ramadorai said: “We’ve had another quarter of exceptional performance. TCS has become the first Indian IT company to clock $1 billion in revenues in a single quarter and has crossed the $3 billion mark in the first three quarters alone.” He added: “This shows that TCS’ full-services model is delivering sustained profitable growth quarter on quarter in the midst of a dynamic operating environment.”

Tata Consultancy Systems

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