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TCS Q2 2010 Results Declared

Posted by on Oct 22, 2010 | Leave a Comment

Tata Consultancy Services (TCS) has announced results for the 2nd quarter of fiscal year 2010. The company reported gain in net profit by 32 % at Rs 2,169.21 crore. Last year, TCS had reported the net profit of Rs 1,642.21 crore in the quarter two that ended on September 30, 2009.

TCS Q2 2010, TCS Q2 2010 Results

Tata Consultancy Services (TCS) is one of the India’s largest software exporting companies that provides information technology and business process outsourcing services with more than 142 branches across the globe. Its headquarters is located in Mumbai, India.

The company has offices in 42 countries and it is listed on both Indian stock exchange, the National Stock Exchange and the Bombay Stock Exchange. Tata Consultancy Services (TCS) is operated by the Tata Group, which is one of the largest and oldest conglomerate companies in India.

Recently, the company declared Audited financial results of the second quarter that ended on September 30, 2010. It is reported that company posted a net profit after taxes of Rs 18126.50 million for the second quarter in 2010 which is higher compared to Rs 13476.00 million for the last year quarter two.

For the quarter ended September 30, 2009, the total income of the company was Rs 57190.40 million that has increased this year by Rs 73706.70 million for the quarter ended September 30, 2010.

Through first quarter, the profit is up by almost 14 % compared to the net profit Rs 1906 crore, on YoY basis the profit is up by 32 %. During the 2nd quarter of 2010 fiscal, the company added 30 new clients and 19,293 new employees.

On the results of TCS Q2 2010, N Chandrasekaran, CEO and MD of TCS said, “It has been a quarter of superior performance across the board, driven by volume growth of over 11 per cent. In uncertain economic conditions, our results are a milestone on the path to strong demand recovery.”

He said, “TCS has delivered a sterling performance during the quarter. We are seeing an improvement in market conditions. With our client budgets still being tightly managed, we continue to deliver higher value to customers, deepening our relationship and focusing on superior operational management.” He also said, “TCS is very positive about the global demand recovery going forward, while being watchful in view of the macro environment.”

For more information about TCS Q2 2010 Results, visit www.tcs.com.


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