TCS post 19% growth in First Quater

By CROW -
Source : timesofIndia
 TCS post 19% growth in First Quater
 
 
Though the company did not give any guidance, it said has a "healthy deal pipeline" and 20 new deals that were signed last fiscal would kick in this year.

The net profit rose 18.85% at Rs 1,534 crore from Rs 1,290.61 crore in the same period last year. The company's revenue jumped 12% at Rs 7,207 crore from Rs 6,410.70 crore in the year-ago period.

"It is not a one-off performance. We have seen stellar growth in the first quarter. We are watchful of a weak global environment and do not rule out there could be shocks and surprises along the way," TCS managing director and CEO S Ramadorai told reporters here.

Sounding cautious of global environment, TCS said telecom, manufacturing and hi-tech continue to be a matter of concern.

"The recovery in the US is not going to take place in a very swift or accelerated manner. The situation is not going to be great," Ramadorai added.

The earning per share, an indicator of company's profitability, was up 15 per cent Rs 7.83, over the last quarter and it declared a dividend of Rs 2 per share on a post-bonus equity basis.
 

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