India’s number 1 software exporter company Tata Consultancy Services (TCS) has informed the share market (BSE/NSE) that the company has made a net profit of Rs 2623 crores in the Q4 FY11 of the current fiscal (FY11), ended in Mar 2011. The company had recorded a net profit of Rs 4710 crores in the corresponding quarter Q4 FY10 of the last fiscal (FY10), ended in Mar 2010. This is an increase of 31.1%.
The company informed the market(BSE) that the net sales increased by 31.3% to Rs 10157 crores in Q4 FY11 when compared with the same quarter Q4 FY10 of previous year. Net sales was Rs 68126 crores in last year’s same quarter.
Net sales for the year ended 31st Mar 2011 is Rs 258651 crore, an increase of 29.5% over the previous year. Increase in volume accounted for 11% growth in revenue and higher prices accounted for 18% growth in revenue.
Net profit is 25% higher for the year FY10-11 at Rs 20286 crore as against Rs 16236 crore for the previous year FY09-10.
TCS has added net of 11,700 employees during the quarter. The attrition rate was at 14.4% LTM. The utilization rate was at 82.4%
Share’s Data :-
BSE Code : 532540
Market Cap : Rs 233,229.74 Crores
Tata Consultancy Services Ltd. share’s CMP is Rs 1,191.65 on 21st April 2011.
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