TCS' top client grew 26.13% QoQ

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TCS' top client grew 26.13% QoQ

Tata Consultancy Services, TCS has announced its third quarter results.CNBC-TV18’s research analyst Sunita Nagpal reviews the results

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Tata Consultancy Services , TCS has announced its third quarter results. The company posted net profit of Rs 1104.7 crore (Rs 11.04 billion) versus Rs 991.5 crore (Rs 9.91 billion) in the previous quarter, increased by 11.41%. CNBC-TV18's research analyst Sunita Nagpal reviews the results.

In the third quarter, TCS bagged two USD 100 million deals, three USD 50 million deals and added 55 new clients compared to 58 new clients in second quarter. The company has also added 5,565 net employees in comparison to 6663 net employees in second quarter.

TCSs' top client grew at 26.13% QoQ, Banking, Finance, Securities & Insurance, or BFSI, vertical grew 10.46% QoQ.The tech major plans to add another 30,500 employees in FY07. They have already made 11,250 campus offers for FY08.

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