TCS shares up over 3 on Q2 earnings

At NSE,the scrip climbed 3.2 per cent to Rs 1,331.

The stock was the top performer among the 30-Sensex blue chip scrips in the morning trade,where the BSE benchmark index was trading at 18,696.74,up 14.43 points at 1050 hrs.

8220;TCS reported yet another set of healthy quarterly result,outperforming the street8217;s as well as our expectations on the revenue as well as the profit front,8221; Angel Broking said in a report.

TCS on Friday reported 49 per cent jump in September quarter net profit at Rs 3,434 crore.

The company had posted a net profit of Rs 2,301 crore in the same quarter of the previous fiscal 2011-12.

TCS8217; revenues rose 34.3 per cent to Rs 15,621 crore in the reporting quarter compared to Rs 11,633.49 crore in the year-ago period.

Even though its operating margins dipped by 0.38 per cent to 26.7 per cent as per the Indian GAAP,TCS Chief Executive and Managing Director N Chandrasekaran exuded confidence that it will remain around 27 per cent for this fiscal.

Without divulging a set target,he had said the revenue will outpace the projections of 11-14 per cent given by the industry body-Nasscom in this financial year.

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