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Tata Consultancy Services reported its consolidated financial results according to US GAAP for the quarter ended December 31, 2006
January 15, 2007
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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