Subscribe:

Pages

Tuesday 18 October 2011

Tata Consultancy Services Results

Tata Consultancy Services Results:-
Co. reported net profit at Rs 2,439 crore a lower-than-expected 15% year-on-year rise in second quarter due to continued uncertainty in global economy.Revenue for July-September quarter rose 25% from a year ago to Rs 11,634 crore.The debt crisis in Europe and the unemployment and economic uncertainties in the US are the Major worries for IT Co.s slowdown.TCS’ operating margin in the second quarter was up 89 basis points at 27%.TCS’ rival Infosys had last week reported a consolidated net profit of Rs 1,906 crore, up 10% year-on-year, slightly ahead of street expectations. Infosys revenue was up 17% at Rs 8,099 crore.TCS net added 12,580 employees in July-September and had 214,770 employees on September 30.

0 comments:

Post a Comment