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Stock Report
TCS Q3 revenues cross $1 billion milestone, announces Rs.3 dividend
Posted On : 2007-01-15 09:20:10( TIMEZONE : IST )
Tata Consultancy Services Ltd (TCS) has announced the following Audited results for the quarter ended December 31, 2006:
The Company has posted a net profit after taxes of Rs 9505.20 million for the quarter ended December 31, 2006 where as the same was at Rs 6796.50 million for the quarter ended December 31, 2005. Total Income is Rs 38496.90 million for the quarter ended December 31, 2006 where as the same was at Rs 26768.50 million for the quarter ended December 31, 2005.
The Consolidated results are as follows:
The Group has posted a net profit for the period of Rs 11161.00 million for the quarter ended December 31, 2006 where as the same was at Rs 7530.80 million for the quarter ended December 31, 2005. Total Income is Rs 49116.20 million for the quarter ended December 31, 2006 where as the same was at Rs 32475.80 million for the quarter ended December 31, 2005.
Previous period figures have been regrouped wherever necessary. Comparative figures do not include the figures of the erstwhile Tata Infotech Ltd, Airline Financial Support Services (India) Ltd, TCS Business Transformation Solutions Ltd and Aviation Software Development Consultancy India Ltd, which were amalgamated with the Company retrospectively with effect from April 01, 2005. consequent to the Schemes of Amalgamations of these Companies becoming effective on February 01, 2006. Consequently, the comparative figures are not comparable with the figures for the quarter ended December 31, 2006.
Commenting on Q3 performance, CEO and MD of the Company, S. Ramadorai said: "We’ve had another quarter of exceptional performance. TCS has become the first Indian IT Company to clock $1 billion in revenues in a single quarter and has crossed the $3 billion mark in the first three quarters alone." He added: "This shows that TCS' full-services model Is delivering sustained profitable growth quarter on quarter in the midst of a dynamic operating environment."
The Company has declared a third Interim Dividend of Rs 3.00 per equity share of Re 1/- each of the Company.
