News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay  » Business » TCS Q3 net jumps 33.90% to Rs 1,824 crore

TCS Q3 net jumps 33.90% to Rs 1,824 crore

Source: PTI
January 15, 2010 20:46 IST
Get Rediff News in your Inbox:

Buoyed by a healthy growth across all key verticals, IT major Tata Consultancy Services on Friday clocked 33 per cent jump in its consolidated net profit at Rs 1,823.90 crore (Rs 18.24 billion) in Q3 FY 10 compared to Rs 1,362.06 (Rs 13.62 billion) in the same period last year.

"We have posted high growth and have improved our margins for the third successive in this difficult year. Our investments are ahead-of-time in emerging markets' multiple industries and client relationships. This is reflected in our exemplary performance," TCS chief executive officer and managing director N Chandrasekaran told reporters in Mumbai.

Moving ahead, Chandrasekaran said, that the IT giant see flat pricing on its contracts, despite a quite healthy deal pipeline.

The company's total income from operations rose to Rs 7,648.54 crore (Rs 76.49 billion) for the third quarter ended December, against Rs 7,277.04 crore (Rs 72.77 billion) in the same quarter last year.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Moneywiz Live!