After Infosys, Tata Consultancy Services (TCS), India’s largest IT company, also cheered its investors with better third quarter results.The company’s Q3 revenue stood at Rs 2,578.4 crore in the quarter ended December 2004, up 38 per cent year on year-on-year basis and 6.1 per cent quarter-to-quarter basis. The IT major’s net profit stood at Rs 709.3 crore in Q3, a growth of 54.1 per cent from last year’s Rs 460.5 crore. The earning per share for the quarter just ended was at Rs 14.77.The company has also added 2,733 employees during the quarter, taking the total numbers of employees to 43,681.Admitting that a volatile rupee will be a cause of concer, TCS President Phiroz Vandrewala refused to give any guidance for Q4. ‘‘ We have always refrained from giving future guidances and will do so this time too,’’ he said.‘‘The excellent team work between TCS and its subsidiaries have resulted in growth momentum across all geographies, domains and offerings,’’ TCS Chief Executive Officer and Managing Director S. Ramadorai said. He said the company is seeing good traction for high value offerings and there is a healthy pipeline.The company has added 72 new clients during the quarter resulting in a total number of 506 active clients. The addition of clients in the quarter included one business processing operations customer and four customers of remote infrastructure management, he said.
