Millennium Post

TCS quarterly profit shoots up by 49.2%

Country's largest software firm 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 30 September 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 managing director N Chandrasekaran said.    

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