TCS declares Q3 Financial Results; Profit jumps 27%

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

TCS declares Q3 Financial Results; Profit jumps 27% 
Tata Consultancy Services has reported its consolidated financial results for the quarter ended December 31, 2012.
According to the latest update, TCS’s Operating Margin is at 27.3%, an expansion of 51 bps and its operating income is at Rs.4,381 crore – a growth of 13.4% y-o-y and 4.8% q-o-q. The earnings per share are at 18.15, dividend per share is at 3. 
At the end of Q3, the total employee strength of the company was 263,637 with a gross addition of 17,145 employees which included 9,831 trainees and 5,072 laterals in India as well as 2,242 employees in international locations. The net addition was 9,561 employees. Attrition rate in IT services fell further to 9.8% (LTM). Overall attrition, including BPO (22.3% LTM), was 11.2% (LTM). 
Commenting on the Q3 performance, Chief Executive Officer & Managing Director, N. Chandrasekaran, said, “We have had an excellent quarter of well-rounded performance and have driven a higher quality of revenue and increased profitability through focus on productivity and innovation. We had good revenue growth, balanced across service-lines, industries and geographies. Our agile, customer-centric organization is delivering an increasing number of larger and deeper client relationships.....See More

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