Monday, October 19, 2009

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TCS posts Rs.13.5 Billion second quarter net profit

Software major Tata Consultancy Services has posted a net profit of Rs.13.5 billion ($300 million) for the quarter ended Sep 30, as compared to Rs.11.7 billion ($260 million) in the corresponding period last fiscal, it said Friday.

The company's total income increased to Rs.57.2 billion ($1.27 billion) for the quarter under review from Rs.55.2 billion ($1.23 billion) in the second quarter last fiscal, TCS said in a regulatory statement.

The group's consolidated net profit rose to Rs.16.4 billion ($364 million) during the quarter, from Rs.12.7 billion ($282 million) in the like period last year.

Similarly, total consolidated income increased from Rs.67.8 billion ($1.5 billion) for the quarter ended Sep 30 last year to Rs.74.3 billion ($1.65 billion) in the second quarter this year.

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