TCS net at Rs. 1,291 crore

— PHOTO: SHASHI ASHIWAL CAUTIOUS OPTIMISM: S. Ramadorai (right), CEO and Managing Director, TCS, with N. Chandrasekaran, COO, addressing a press conference in Mumbai on Wednesday. MUMBAI: Tata Consultancy Services (TCS) has reported a net profit of Rs. 1,290.61 crore for the first quarter of the current financial year, a growth of 7 per cent over Rs. 1,202.93 crore reported in the same quarter in the previous year. Revenues were up 24 per cent at Rs. 6,410.70 crore (Rs. 5,157.30 crore). Other income more than doubled to Rs. 119.64 crore. The board of directors has declared an interim dividend of Rs. 3 per equity share. The profit before interest and taxes was at Rs. 1,490.69 crore (Rs. 1,375.19 crore). The operating profit margin at 22.45 per cent was in line with the previous quarter and the company has undertaken pro-active... [read full story]