Confident TCS sees price uptick, margin increase in FY12

Tata Consultancy Services (TCS), reported their first quarter earnings which saw better-than-expected profits driven by increased spending by clients.

"Its been an excellent quarter," said N Chandrasekaran, CEO and managing director of the company. In an exclusive interview to CNBC-TV18, the management including S Mahalingam, (CFO and ED), Ajoy Mukherjee (Head Global HR) and Phiroz Vandrewala (EVP) spoke about the company's plans going forward.

Chandrasekaran said the growth distribution across industries has been great with emerging markets showing strong traction in different segments.

It has reported net profit of Rs 2,380 crore in the quarter ended June 2011, which was better than expectations. Revenues increased just 6.3% in the June quarter at Rs 10,797 crore from Rs 10,157.5 crore in earlier quarter.

The management is expecting a slight uptick in price by the year-end and is hopeful to close few deals at higher pricing. Though Q1FY12 margins was impacted by 250 bps due to wage hike, the company is confident to improve it by 27% going forward.