[Mumbai] Software Supremo TCS Scores Q3 Net Profit up 14.2% at Rs 6,083 Cr
Country’s largest software exporter TCS today reported 14.2 per cent jump in profit to Rs 6,083 crore for the third quarter of the current fiscal.
The company had reported a net profit of Rs 5,328 crore in the October-December period of last fiscal. The operating profit was at Rs 7,276 crore in the reported quarter.
Its revenues were up 11.7 per cent to Rs 27,364 crore in the third quarter, 2015-16, from Rs 24,501 crore in the corresponding period of 2015-15.
“All our industry segments have exhibited growth in a traditionally weak quarter, additionally accentuated by the impact of the Chennai floods,” TCS Managing Director and Chief Executive N Chandrasekaran said.
He Saidthat Digital business continues to be the core focus for enterprise IT in 2016 as customers respond to competition in a global economy driven by real-time insights.
.The company declared a dividend of Rs 5.50 per share which has a face value of Re 1, and its earnings per share (EPS) stood at Rs 31.01
Tag: TCSNetProfit
Software Supremo TCS Scores Q3 Net Profit up 14.2% at Rs 6,083 Cr
India’s Largest Software Firm TCS Net Profit Jumps16% to Rs 6,085 cr
[New Delhi]India’s Largest Software Firm Tata Consultancy Services[TCS] Net Profit Jumps16% to Rs 6,085 cr
Services also announced a dividend of Rs 5.50 per share. Its operating margin for the quarter stood at 27.1 per cent
Country’s largest software services firm TCS has reported a 16 per cent surge in net profit to Rs 6,084.66 crore for the quarter ended September 30.
The Mumbai-based firm had reported a profit of Rs 5,244.28 crore in the corresponding period last fiscal, it said in a regulatory filing.
The company’s total income from operations for the quarter rose 14.06 per cent to Rs 27,165.48 crore as against Rs 23,816.48 crore last year. The figures are in Indian GAAP.
However, according to the company statement, as per IFRS, the net profit for Q2 stood at Rs 6,055.20 crore whereas revenues was Rs 27,165.50 crore.
TCS CEO and MD N Chandrasekaran said: “We have delivered accelerated growth in constant currency terms for Q2. Driven by great execution on the ground, our broad-based performance has been led by strong sequential growth in BFS, retail and life sciences verticals with the UK and North America leading the markets.”
The company said core markets like the UK, North America and Europe grew smartly along with emerging markets like Latin America, India and MEA.
TCS also announced a dividend of Rs 5.50 per share. Its operating margin for the quarter stood at 27.1 per cent.
The company said there was a total gross addition of 25,186 people (net addition of 10,685 employees) taking the total employee strength of 3,35,620 on consolidated basis.
The utilisation rate (excluding trainees) was at 86 per cent while the attrition rate stood at 16.2 per cent.
Recent Comments