TCS Q1 net up 37 pc to Rs 797 crore

Mumbai, July 18: Tata Consultancy Services Ltd (TCS) has posted a net profit of Rs 796.69 crore for the quarter ended June 30, 2006, as compared to Rs 578.86 crore for the quarter ended June 30, 2005, an increase of 37.63 per cent.

Announcing the results, the company said its total income is Rs 3,465.90 crore for Q1 FY 06-07 as compared to Rs 2,276.32 crore in Q1 FY 05-06.

Further the company has informed that, the Board has declared an interim dividend of Rs 3.00 per equity share.

Commenting on the quarter's performance, the company's CEO and MD S Ramadorai said, ''At TCS, the management continues to focus on driving sustainable, robust growth and Q1 has been marked by strong growth in volumes coupled with increasing traction for our new growth engines like BPO and consulting.'' ''Our global Network Delivery Model has been validated by customers who are increasingly leveraging these centers effectively to take advantage of our bouquet of full services on offer,'' he added.

UNI