India's largest software exporter Tata Consultancy Services [Get Quote] on Wednesday posted a consolidated net profit of Rs 1,290.61 crore (Rs 12.90 billion) for the first quarter ended June 30, 2008, an increase of 7.3 per cent compared to the year-ago period.The group had recorded a consolidated net profit of Rs 1,202.93 crore (Rs 12.02 billion) for the corresponding period a year ago, it said in a filing to the Bombay Stock Exchange.
The company's consolidated total income for the period under review stood at Rs 6,530.34 crore (Rs 65.30 billion) against Rs 5,211.54 crore (Rs 52.11 billion) for the same period a year ago.
The company's board of directors also announced an interim dividend of Rs 3 per share on equity share of one rupee each.
TCS registered a stand-alone net profit of Rs 1,204.01 crore (Rs 12.04 billion) for the first quarter ended June 30, 2008, an increase of 12.1 per cent compared to the year-ago period.
It had a net profit of Rs 1,073.85 crore (Rs 10.73 billion) for the same period a year ago.
The company's total income stood at Rs 5,321.88 crore (Rs 53.21 billion) as against Rs 4,183.87 crore (Rs 41.83 billion) for the corresponding period a year ago.
Shares of the firm closed at Rs 727.35, down 2.98 per cent on the Bombay Stock Exchange.
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