Posted: 15-Jul-10 in Technology by Dubey A 0 comment

TCS Results for Q1 (2010-2011) records 21.2% increase in Y-o-Y

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The Tata Consultancy Services (BSE: 532540, NSE: TCS) has published their Q1 results for 2010-2011. Highlights and complete summary of the TCS Q1 result have been posted on the company website.

Financial highlights of the results include Operating Profits at $487 million (a growth of 32.5% Y-o-Y and 5.1% Q-o-Q) and Profit After Tax at $403 million (a growth of 29.3% Y-o-Y and 4.9 % Q-o-Q).

Announcing the Q1 results on Thursday in a press conference, the management of the company said that 10,849 employees were added in the Q1 itself. The management also said that 36 new clients have been added in the first quarter this year.

Commenting on the result, N Chandrasekaran, MD & CEO of the company said, “This has been a quarter of complete outperformance. Our balanced growth was driven by disciplined execution and strong demand across markets and industry sectors”.

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