The country's largest software exporter Tata Consultancy Services (TCS) today reported consolidated net profit of Rs 3,831 crore for the June quarter,up 15.5 per cent from Rs 3,318 crore in the same period last year. Related: Check full report The company's total revenue,under Indian IFRS accounting standards,rose 21 per cent to Rs 17,987 crore from Rs 14,869 crore in the corresponding period last fiscal. The company,in a regulatory filing,said operating margin stood at 26.9 per cent while volume grew 6.10 per cent during the reporting quarter. * Check Live Stocks Commenting on the performance,managing director and chief executive N Chandrasekaran said,"We have delivered another solid quarter,driven by the highest volume growth in the past seven quarters. It has been an all-round performance with strong revenue growth across markets led by the US. "Our investments in Europe continue to gain strong traction with customers and helped us deliver industry-leading growth this quarter." He further said the company added two USD 100 million plus clients during the reporting period. The company's gross employee addition was 10,611,while the overall employee utilisation rates stood at 82.7 per cent and the attrition rate for IT arm stood at 9.55 per cent,which at the BPO arm was higher 15.77 per cent. Chief Financial Officer Rajesh Gopinathan said,"the current environment demands an agile operating model that can capture diverse growth opportunities. We continue to execute to plan and invest for growth,while maintaining stability in our margin profile." Tata Consultancy Services quarterly net profit up 16.8% (Reuters) Tata Consultancy Services (TCS),India's largest software services exporter,said its June quarter net profit rose 16.8 percent,beating estimates,as an increase in orders and foreign exchange gains boosted earnings. * Check Live Stocks Consolidated net profit for the quarter ended June 30 rose to 38.31 billion rupees ($642 million) from 32.8 billion rupees a year earlier. That compares with the 37.8 billion rupees average of 24 analyst estimates. TCS,whose customers include Citigroup,BP PLC,and AstraZeneca PLC,announced its results after the Mumbai markets closed. Its shares were down about 1 percent compared with a 1 percent gain in the overall index. *Search: India Inc A,B,C
