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TCS net profit jumps 49% in September quarter

Revenues rose 34.3 per cent to Rs 15,621 crore in the second quarter of 2012-13, compared to Rs 11,633.49 crore in the year-ago period.

twitter-logo PTI   New Delhi     Last Updated: October 19, 2012  | 19:14 IST

Tata Consultancy Services (TCS) on Friday reported a 49.2 per cent jump in consolidated net profit at Rs 3,434 crore for the quarter ended September 30, 2012.

The company had posted a net profit of Rs 2,301 crore in the same quarter of the previous fiscal (2011-12).

Revenues rose 34.3 per cent to Rs 15,621 crore in the second quarter of 2012-13 compared to Rs 11,633.49 crore in the year-ago period, TCS said in a statement.

"We have delivered a strong performance with well-rounded growth across industries and geographies. Our execution excellence is winning recognition and our service offerings remain relevant for customers," TCS Chief Executive Officer and Managing Director N Chandrasekaran said.

Chief Financial Officer S Mahalingam will retire on February 9, 2013 while Rajesh Gopinathan, VP Business Finance, has been appointed as deputy CFO till February, the company said.

TCS added 41 new clients during the quarter. The company saw addition of 18,654 (gross) and 10,531 (net) people, taking its total headcount to 2,54,076.

Highlights for Quarter Ended September 30, 2012

  • Operating Income at Rs 4,173 crore; Growth of 32.4 % Y-o-Y and 2.3 % Q-o-Q
  • Operating Margin at 26.7%
  • Dividend per share of Rs 3
  • Earnings Per Share at Rs 17.51
  • Gross Addition of 18,654 Employees (Net addition: 10,531)
  • Lowest Attrition Rate in last 10 quarters: 11.4% (IT + BPO)
  • Utilisation rates at 81.6% (excluding trainees)
  • 41 New Clients added

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