NB:- Check updated TCS Q3 2010 Results here.

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 The wait is finally over now. Tata Consultancy Service, India’s largest Software Exporting Company has finally come out with its Quarterly results(Q3 2009 Results) for the period ending Dec 31at 2008. The revenues of the company in the Q3stands at 7,277 crores. The operating profit of TCS in q3 is declared at 1,802 crores and a net profit of 1,352 crores.In the last quarter Q2 2009 TCS has announced a revenue of Rs 6953 crores, and a net profit of Rs 1,271 crores. Given the grim scenario the profit levels of Rs 1,352 crores is far better than many other companies which are posting losses.  At this blog we have announced that TCS will be coming out with its Q3 results and expected results. More to come soon.The profit growth is a mere 7.17 % in this quarter in the wake of the global economic recession as compared to the last quarter(Q2) when it made a net profit of Rs 1,271 crores.

The sales of the company has grown by about 24% as compared to last year. The company has also declared an interim dividend of Rs 3, at 300% on shares of face value of 1 each. Due to the Nortel bankruptcy issue, which is a client of TCS, the TCS share prices fell by 5.3% in today’s trade.

Key Highlights Of TCS Q3 2009 Results:(Indian GAAP)
Net income: $286 Million a growth of 2.68 % Y-o-Y and 7.17% Q-o-Q.

EPS : Rs 13.92 in Q3.

Total Employees Added in Q3: 11,773.(More than any other IT company,8704 Trainees).

Total new clients addition: 41

Attrition Rate : 11.95

Quarterly Dividend: Rs 3 per share of face valur Rs 1 again a record of 18th consecutive quarterly dividend.

If you want to analyze the TCS Q3 2009 results in more depth you can click and follow the links below:

Press Release Of TCS Q3 2009 Results.

TCS Balance Sheet as on Dec 31st 2008.

Audited consolidated financial results.

A quote from the CEO and MD of TCS Mr.S.Ramadorai on the eve of the announcement of its financial results,” In  tough market conditions,TCS continues to perform in a stellar fashion,driving revenue growth through our diversified market presence and boosting our operational profitability by conserving cost and creating efficiencies”.


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