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TCS profit jumps 32% to Rs 2,100 cr

Income from operations rose to Rs 9,286.39 crore in the second quarter, up from Rs 7,435.23 crore in the year-ago period. It added 30 new clients during the quarter.

twitter-logo PTI   Mumbai     Last Updated: October 22, 2010  | 08:24 IST

Country's largest software firm Tata Consultancy Services on Thursday reported 32 per cent jump in consolidated net profit at Rs 2,169.21 crore for the second quarter ended September 30.

According to Indian accounting norms, the company had a net profit of Rs 1,642.21 crore in the July-September 2009 quarter, TCS said in a filing to the Bombay Stock Exchange.

"It has been a quarter of superior performance across the board, driven by volume growth of over 11 per cent. In uncertain economic conditions, our results are a milestone on the path to strong demand recovery," CEO and MD N Chandrasekaran said.

TCS added 19,293 people during the quarter, the highest-ever for the company, taking the total headcount to 1,74,417 at the end of September quarter.

Income from operations rose to Rs 9,286.39 crore in the second quarter, up from Rs 7,435.23 crore in the year-ago period. It added 30 new clients during the quarter.

"It has been a quarter of strong revenue and margin performance all around," CFO S Manhalingam said.

The board has proposed an interim dividend of Rs 2 per equity share on a face value of Re 1 each.

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