TCS Q3 net up 30%; declares 200% dividend

Country`s largest software firm Tata Consultancy Services (TCS) Monday posted 29.93 percent jump in consolidated net profit at Rs 2,369.83 crore for the third quarter ended December 31, 2010.

Updated: Jan 17, 2011, 23:21 PM IST


The company has announced 200 percent dividend. It has declared the third interim dividend of Rs 2 per equity share of Re 1 each.
TCS had recorded net profit of Rs 1,823.90 crore in the October-December 2009 quarter, the company said in a filing to the Bombay Stock Exchange.

Income from operations rose to Rs 9,663.35 crore during the Q3 of the current fiscal, up 26.34 percent from Rs 7,648.53 crore in the year-ago period. It added 35 new clients during the quarter.
"Our ongoing performance has been the result of the sustained effort from all operating teams to focus on growth with profitability," TCS CEO and MD N Chandrasekaran said.

The company said it added 20,219 people (gross) during the quarter, its highest addition yet, taking the total headcount to 1,86,914 at the end of the December quarter.