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Monday, October 17, 2011

Tata Consultancy Services (TCS), Q2 net up 6% to Rs 2,301 crore for the second quarter ended September 30, 2011, Latest Stock Price

Tata Consultancy Services (TCS), Q2 net up 6% to Rs 2,301 crore for the second quarter ended September 30, 2011, Latest Stock Price

TCS
Tata Consultancy Services (TCS), the country's largest software firm, today said its consolidated net profit grew 6% to Rs 2,301 crore for the second quarter ended September 30, 2011.

As per Indian accounting norms, the company had a consolidated net profit of Rs 2,169 crore in the same period last fiscal, TCS said in a filing to the National Stock Exchange (NSE).

Consolidated revenues of the company increased 25.27% to Rs 11,633 crore for the quarter under review from Rs 9,286 crore.
The company's board proposed an interim dividend of Rs 3 per equity share. TCS saw the gross addition of 20,349 employees during the quarter, while net additions amounted to 12,580.

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