Volume surge boosts TCS revenue, net profit in Q3 FY 11

Posted By: Pti
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Mumbai, Jan 17 (PTI) IT major Tata ConsultancyServices has beaten market estimates by posting a 30 per centjump in its consolidated net profit at Rs 2,369.83-crore in Q3FY 11 following a strong volume growth and high operatingmargins.

The company''s net income rose 30 per cent to Rs 2,370-crore in the three months ended December 31, from Rs 1,823-crore a year earlier,

"Sharp focus on our strategy with rigorous executiondiscipline has helped us capture volumes, defend our marginsand deliver another stellar quarter," TCS'' CEO and MD, NChandrasekaran, told reporters here.

Income from operations rose to Rs 9,663.35-croreduring Q3, up 26.34 per cent from Rs 7,648.53-crore in theyear-ago period.

The company has declared the third interim dividendof Rs 2 per equity share of Re 1 each.

Commenting on the future outlook, Chandrasekaran saidthat the demand environment continues to be strong and "we arefocused on helping our customers become more efficient andplan for growth."

"With clients'' focused on transforming theirbusinesses and becoming globally competitive in this dynamicmacro environment, we are optimistic that demand for oursolutions will continue to be strong going forward,"Chandrasekaran said. .

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