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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