TCS Q3 profit jumps 27% to Rs. 3,550 crore | Deccan Chronicle
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TCS Q3 profit jumps 27% to Rs. 3,550 crore

PTI | 14th Jan 2013

Mumbai: Country’s largest software firm Tata Consultancy Services on Monday reported a 26.7 per cent jump in consolidated net profit to Rs. 3,550 crore for the quarter ended December 31, 2012.

It had posted net profit of Rs. 2,803 crore in the same quarter of the previous fiscal (2011-12).

Revenues rose 21.7 per cent to Rs. 16,070 crore in the third quarter of 2012-13, from Rs. 13,204 crore in the year-ago period, TCS said in a statement.

“We have had an excellent quarter of well-rounded performance and have driven a higher quality of revenue and increased profitability through focus on productivity and innovation,” TCS Chief Executive Officer and Managing Director N. Chandrasekaran said.

The company had good revenue growth, balanced across service lines, industries and geographies, he added.

“The overall performance has been in line with what we had outlined at the beginning of the year. Our superior execution in this seasonally weak quarter has delivered productivity gains and an expanded operating margin,” TCS CFO and Executive Director S. Mahalingam said.

The operating margin of the company went up by 56 basis points to 27.3 per cent.

The company saw addition of 17,145 (gross) and 9,561 (net) people, taking its total headcount to 2,63,637.

“We have hired almost 50,000 professionals in the first three quarters of this financial year to support business growth and we continue to forecast a healthy growth in the workforce numbers going forward,” TCS Executive VP and Head (Global HR) Ajoy Mukherjee said.

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