Tata Consultancy Services, TCS Q1 beats forecast, net up 12% at Rs 3,280 crore for the quarter ended in June end, Latest Stock Price
The country's largest software services exporter Tata Consultancy Services (TCS) today reported an 11.8% jump in consolidated net profit to Rs 3,280.5 crore for the quarter ended June 21, 2012.
In Q4 of the last fiscal, the IT giant had reported a 3.28% increase in its quarter-on-quarter net profit at Rs 2,895 crore.
The company's Q1 operating margin stood at 27.5% vs 27.62% QoQ, while the sales stood at at Rs 14,870 cr vs Rs 13295 cr, up 11.8% QoQ.
The company reported a 38% rise in its fiscal first-quarter profit (y-o-y), beating market expectations, helped by a weaker rupee and increase in demand for outsourcing.
It posted net profit of Rs 3,280 crore for the quarter ended in June, compared with Rs 2,380 crore a year earlier. Revenue rose 37.7% from a year earlier to Rs 14,869 crore.
TCS added 29 new clients during the quarter. In the April-June 2012 quarter, the company added 13,831 (gross) and 4,962 (net) people, taking its total headcount to 243,545.
Analysts had forecast a net profit of Rs 3,050 crore,
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