CIMdata PLM Industry Summary Online Archive
12 July 2012
Financial News
Secular growth, strong volumes drive Q1 in Tata Consultancy Services IFRS results
Tata Consultancy Services (TCS), an IT services, consulting and business solutions firm reported its consolidated International Financial Reporting Standards (IFRS) financial results for the quarter ended June 30, 2012.
- Revenues at $2.73 billion up 13.1% Y-o-Y
- Net Income at $604 million up 13.6% Y-o-Y
- Diversified strategy enables broad-based growth across markets and industries
Financial Highlights for Quarter Ended June 30, 2012
- Operating profits at $750 million; Growth of 18.9% Y-o-Y
- Operating margins at 27.5%
- Earnings per share at $0.31
Business Highlights for Quarter Ended June 30, 2012
- Gross addition of 13,831 employees
- High utilization rates maintained at 81.3% (excluding trainees)
- 29 new clients added
The full text of the press release can be found below:
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