Tata Consultancy Services India’s largest IT Services Company has announced its Q1 2010 results few minutes back.We are happy to bring TCS Q1 2010 results live to you and one among the first to report this news. TCS has announced a profit of Rs 1534 crores in this quarter.TCS has announced a profit of Rs 1534 crores in this quarter.

Net profit of Rs 1534 crores is 15% Q-o-Q growth and 19% growth Y-o-Y.The operating margin of the TCS went up by 165 basis points sequentially. The volume growth of TCS led the revenues up by almost 50 basis points Q-o-Q. The net renenue of TCS in this quarter stands at Rs 7,207 crores which is up by 12% Y-o-Y.

Some other highlights of TCS Q1 2010 Results:-

* TCS added 26 new clients in Q1 2010.
* It added about 2,828 employees to its payroll.
* The company has announced Rs 2 per share of dividend.

* In dollar terms the Q1 revenue of TCS is $1.48 billion which went up by 3%.
* Net income of TCS stood at $311 million which went up by 18% Q-o-Q.

Compare TCS Q1 2010 results against TCS Q1 2009 results here and find out the growth of the company in this fiscal in a harsh economic conditions. The cash and cash equivalent of TCS stands at Rs 6125 crores.

While announcing the results ,the CEO of TCS Mr.Ramadorai has said ” In a volatule uncompromising environment, TCS has demonstrated its industry leadership by seizing opportunities for growth through operational excellence resulting in a stellar performance for the quarter.”

The net utilization of its employees stood at 79.2% which exclude the trainees and 71.3% including the trainees. The Attrition rate of the company is 11.5% in Q1 2010. The total employee base of TCS now stands at 141,642 crores which include 30% of women employees.

In a very challenging environment, TCS beat the expectations of Rs 1273 crores by Reuters poll. It counts clients like Citi Bank,Bank of America,GE, GM,and many other top notch companies in the world. The shares of the company rose by 3.1% in the markets today and closed at Rs 433. There is a great news for all the TCS employees as TCS has decided to give the variable component of the pay in this quarter. The new campus recruits of 2009 batch will start joining the company in this quarter and will be staggered in 3 different quarters. And TCS will go for more campus hiring starting from Jan 2010 only.

Check out the live streaming of the TCS Q1 2010 results here. To analyze the results of TCS Q1 2010 in Indian GAAP check out the given link and detailed TCS results analysis here. To see the results of TCS in 2009 check out here.

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