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TCS (Tata Consultancy Services) has announced its Q1FY10 numbers. Its Q1 net profit was up 15.65% at Rs 1520 crore as against Rs 1,314.3 crore, QoQ (US GAAP).
The company's net sales went up just 0.5% to Rs 7,207 crore from Rs 7,171.8 crore, QoQ.
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Operating profit rose 5.26% to Rs 1,789 crore (QoQ).
In a press conference TCS says:
-Maintained vigour in pricing deals
-Focus on pharma, energy and utility sectors showing result
-Telecom, manufacturing and IT sectors under pressure
-Lower costs, lower forex loss increased dividend in Q1
-Forex hedging loss stood at Rs 85 crore versus Rs 195 crore (QoQ)
-Forex loss to come down further due to less outstanding hedges
-Cost management efforts yielded better margins at 24.83%
-Moved to more offshoring in Q1
-Q1 volume growth stood at 3.54%
-Earnings/share at Rs 7.83 versus Rs 6.59 (YoY)
-Revenue from new clients at 0.3% versus 0.4% (YoY)
-Fresh campus recruitments to start in January 2010
| Particulars | Jun-09 | Mar-09 | Dec-08 | Sep-08 |
| Net Sales / Interest Earned / Operating Income | 5609.6 | 5875.48 | 5699.96 | 5212 |
| Other Income | 1.26 | -143.27 | -179.17 | 109.88 |
| Total Income | 5610.86 | 5732.21 | 5520.79 | 5321.88 |
| Expenditure | -4055.37 | -4261.28 | -4098.72 | -3929.55 |
| Interest | -1.44 | -4.57 | -0.17 | -0.41 |
| Profit Before Depreciation and Tax | 1554.05 | 1466.36 | 1421.9 | 1391.92 |
| Depreciation | -113.2 | -114.52 | -102.86 | -81.86 |
| Profit before Tax | 1440.85 | 1351.84 | 1319.04 | 1310.06 |
| Tax | -164.41 | -139.95 | -146 | -106.05 |
| Net Profit | 1276.44 | 1211.89 | 1173.04 | 1204.01 |
| Equity Capital | - | - | - | 97.86 |
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Today's Special Column
with Ajay Piramal
Piramal Enterprises Limited , Chairman
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