The much awaited quarterly results of the largest Indian IT firm has
finally been announced  on Oct 22nd 2008. The revenues of the quarter stood
at Rs 6,953 Crores or $ 1574 million which saw a growth of 8.5% in Rupee
Terms. The net profit in Rupee terms was at Rs 1,262 crores or $256 million
against Rs 1,247 crores in the last year same quarter.So it was a mere
growth of about 1.2% Q-o-Q basis.

The profits of the company was less than expectations as it was expected
that TCS would post a profit of Rs 1,374 crores by Reuters poll.Undoubtedly
the financial turmoil is showing its impact on the results of all the IT
companies in India as they generate most of their revenue from US and
finance sector.The shares of the company were down by 2.6% today and will
be beaten tomorrow too.

Some of the other Highlights of the TCS Q2 2009 Results:

> H1 Revenues Of TCS is at $3.1 billion a growth of 17.69% Y-o-Y.
> H1 net profits at $582 crores a 2.8% growth over last year.
> TCS added 51 new clients in the last quarter.
> 9700 Employees joined TCS in Q2.
> EPS of the company now stands at $0.29 in Q2.

The coming quarter is going to test the strengths of all these Software
firms as the global slowdown and economic recession deepens. It will
interesting to see how they perform under these hostile market conditions
and capture a larger part of the IT pie.The revenue guidance for the coming
quarter for the IT companies has been very cautious too.

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