TCS Q1 volume growth stands at 3.54%

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Tata Consultancy Services , TCS 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).

Key Takeaways of Tata Consultancy Services concall:

TCS 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.

Operating profit rose 5.26% to Rs 1,789 crore (QoQ).

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 per 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

For further details, listen to the concall.....