Tata Consultancy Services (TCS) on Wednesday posted a 19 per cent increase in consolidated net profit at Rs 1,326.67 crore (Rs 13.27 billion) for the third quarter ended December 31, 2007 when compared with Rs 1,116.10 crore (Rs 11.16 billion) in Q3 FY07.
According to a release issued to the BSE on Wednesday, the total income increased to Rs 6,041.98 crore (Rs 60.41 billion) from Rs 4,910.53 crore (Rs 49.10 billion) in Q3 FY07.
The board of directors on Wednesday declared a third interim dividend of Rs 3 per share of Re 1
each. The company added 54 new clients and 7,522 employees joined the company during the quarter ended December 31, 2007.
Commenting on the performance, chief executive officer S Ramadorai said: "Our diversified business model continues to sustain the growth momentum despite several external challenges. There is growth momentum across geographies with contributions from all business units."
The company had about $3.1 billion outstanding in hedges, and has used a conversion rate of Rs 39.415/$ for Q3 FY08.
