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TCS Q4 net up 31.1% at Rs 2,623 crore

Last updated on: April 21, 2011 14:50 IST

TCS Q4 net up 31.1% at Rs 2,623 crore

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India's largest software company Tata Consultancy Services (TCS) said on Thursday that its net profit for the fourth quarter ended March 31, 2011 rose by 31.1 per cent to Rs 2,623 crore (Rs 26.23 billion).

It posted an increase of 31.3 per cent in quarterly revenues at Rs 10,157 crore (Rs 101.57 billion), TCS said in a statement.

"Excellent execution and a constant focus on the customer has helped TCS round off a sterling performance in FY11, with strong growth in the fourth quarter, while maintaining margins at historic highs," TCS CEO and MD N Chandrasekaran said in the statement.

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Image: TCS CEO and MD N Chandrasekaran.

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TCS Q4 net up 31.1% at Rs 2,623 crore

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Its net profit for 2010-11 jumped up by 29.5 per cent to Rs 9,068 crore (Rs 90.68 billion) as compared to the previous fiscal.

Its revenue during the period stood at Rs 37,325 crore (Rs 373.25 billion), up 24.3 per cent as compared to 2009-10, it said.

"Looking ahead, the demand environment continues to be vibrant. There are opportunities across markets and industries," Chandrasekaran said.

"Our nimble organisation structure, together with our full-services strategy and domain-intensive solutions gives us a great platform to sustain growth," he added.

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TCS Q4 net up 31.1% at Rs 2,623 crore

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During the Janury-March quarter, the company added 11,700 employees (net), taking its total headcount to over 198,000 the statement said.

"We continue to shape the adoption of next generation technologies by investing in new areas like mobility, analytics, social media and sustainability solutions," Chandrasekaran said.

The company has proposed a final dividend of Rs 8 per share on the face value of Re 1, the statement added.

Shares of the company were trading at Rs 1,200 on the BSE in the late afternoon trade, down 1.54 per cent from its previous close.



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