India’s largest Software exporting company has announced its Q1 2010-11 results today. The revenues of TCS stands at Rs 8,217 crores which is up by 6.2% Q-o-Q and 14% Y-o-Y. The results were better than what markets had expected.

Highlights of the TCS Q1 2010-11 Results :-

* The operating profits of the company stands at Rs 2,245 crores and net profit after tax stands at Rs 1,906 crores which is up by 24.3% Y-o-Y and 4.7% Q-o-Q.

* Dividend per share of TCS is Rs and EPS is Rs 9.71.

* TCS added 10,849 employees (net addition of 3,271 employees). The company now has 163,700 in its payroll. The company plans to hire 40,000 people this year instead of 30,000 earlier planned.

* Company has announced 100% variable pay payments for the last quarter to all its employees.

* TCS managed to add 36 new clients in the last quarter.

Given the good numbers the stock is likely to move up in the coming days.

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India’s second largest IT company announced it’s first quarter results which were lesser than what was expected. Infosys profit stood at Rs 1488 crores against Rs 1617 crores, Sales stood at Rs 6213 crores which was marginally up by 4.53%.

Highlights Of Infosys Q1,2011 for the Quarter ending June 30, 2010.

The net income of the company stood ar Ts 6,198 crores for quarter ending June 30,2010. It was 4.3% growth Q-o-Q and 13.3% growth Y-o-Y.

The net profit of the company stands at Rs 1,488 crores which was down by 7% Q-o-Q and down by 2.4% Y-o-Y.

The company added a gross of 8,859 employees(net 1,026) to its payroll.
The company now has 1,14,822 employees.

Infosys managed to add 38 new clients in the last quarter.

Compare the Infosys Q1 2010 Results and Infosys Q4 2010 Results here.

The stock which touched all time high of Rs 2911 yesterday was hammered in the dalal street today and it closed down by 3.44% at Rs 2795 levels due to less than expected results.  All the IT stocks performed badly on the back of Infosys Q1 2011 results today.

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Infosys Technologies India’s second largest software exporting company will be announcing its Q1 2011 results on July 13th 2010. In Q4 2010, Infy announced profits of Rs 1,600 crores.

Analyze Infosys quarterly results in 2010 from here :-

Infosys Q4 2010 results.
Infosys Q3 2010 results.
Infosys Q2 2010 results.
Infosys Q1 2010 results.

Recently the company has completed its 30 years of existence and gifted all its employees with 5 shares of the company. In a tough environment, Infy is expected to announce better than expected results this time.

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Tata Consultancy Services(TCS) India’s largest software exporting company will announce its Q1 2011 results on July 15th 2010. In the last quarter TCS has announced a profit of Rs 2001 crores from all its operations and it also announced salary hike to most of its employees after a period of 2 years.

Check out how TCS fared in the previous quarters :-

TCS Q4 2010 results.
TCS Q3 2010 results.
TCS Q2 2010 results.
TCS Q1 2010 results.

The stock has been under performing since last one quarter and it needs to be seen if the results announcement can give some boosts to the stock price. Meanwhile in its last AGM, TCS announced to hire another 30,000 employees to its payroll this year.

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Satluj Jal Vidyut Nigam (SJVN) has come up with an initial public offering(IPO) of 41.5 crores equity shares. It has opened for subscription on April 29th 2010.  The Satluj Jal Vidyut Nigam IPO was thrown open to public at Rs 23-26 price band. At the highest price band rate the IPO is valued at Rs 1079 crores.

Investors looking from long term perspective can buy into the offer. The price looks attractive to everyone. Moreover retail investors and employees of Satluj Jal Vidyut Nigam will get a discount of 5% over the issue price. The Satluj Jal Vidyut Nigam IPO offer will close on May 3rd 2010. Satluj Jal Vidyut Nigam  is basically a state run hydroelectric  power producing company which is a joint venture between Govt Of India and Himachal Pradesh.

As on today’s date the Satluj Jal Vidyut Nigam IPO has been oversubscribed 6.8 times. It has received a good response from the investors community. Even though the recent IPOs have done well in the market, but remain little cautious as the power stocks have not done so well for Eg NHPC which debuted at Rs 36 is now trading at Rs 30 odd levels.

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