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

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.