Tata Consultancy Services Ltd (TCS), belonging to the Tata Group, has declared its results for the last quarter (Q4) ending March 2011. The Net profit of TCS has risen to Rs.2,402 crores ($542 million) and the company has shown a growth of 23% in the last quarter - far beyond the market expectations.
Founded by J.R.D Tata in 1968, Tata Consultancy Services Ltd, founded by J.R.D.Tata in 1968, is populalry known as TCS. TCS, with its headquarters in Mumbai, has offices in 47 countries and has over 140 branches worldwide.
TCS is the second largest provider of business process outsourcing (BPO) in IT sector in India. It is also the largest provider of software services in Asia. It provides business solutions to many corporate housesacross the globe.
N. Chandrasekaran, the CEO & MD of TCS expressed his satisfaction and told media, "Excellent execution and a constant focus on the customer has helped TCS round off a sterling performance in FY11 with strong growth in the fourth quarter while maintaining margins at historic highs."
"We continue to shape the adoption of next generation technologies by investing in new areas like mobility, analytics, social media and sustainability solutions," he added.
S. Mahalingam, Chief Financial Officer and Executive Director of TCS, said: "We have created a structurally robust cost base that is able to withstand a dynamic demand environment. The strength of this model can be seen from the steady improvement we have shown in operational and profitability parameters over the last four quarters."
With its services in areas like Assurance, Infrastructure Services, Products and Enterprise Solutions, TCS is growing rapidly.
No comments:
Post a Comment