Monday, October 17, 2011

TCS Q2 net up 14.7% at Rs 2,439 crore; marginally below estimates

Delhi, Tata Consultancy Services (TCS), India's largest software services exporter, reported 14.7 percent rise in quarterly earnings, slightly below forecasts of global economic uncertainty weighed a new outsourcing orders.

TCS, a unit of the salt-to-steel conglomerate Tata Group, said Monday net profit for the second fiscal quarter, which ended in September rose to Rs 2,439 crore ($ 498 million) in accordance with International Financial Reporting Standards.

The company reported 25.3% rise in revenues of Rs 11,633 crore, as per Indian generally accepted versus Rs 9,290 crore respectively. Q2 operating margins were 27.1% versus 28.1% and Q2, while net profit margin was 21% versus 22.9%, respectively. The increase in revenue was up 26% in dollars, 4.7% from the previous quarter. International business growth was up 6.2% of the order.

N Chandrasekaran, MD, TCS said: "The company said that it was a strong deal pipeline across all major verticals. Macro Problems, however, companies are in good shape."

TCS added 35 new clients in September quarter, and said that there was tremendous growth in the U.S., the UK and Europe.

The company had 20,349 employees and a general hard to add attriton fell 13.7%, IT services attrition was 12.5%.

Company's major clients include Citigroup, General Electric, British Airways, Sony Corp. and British insurer Aviva.

India's No.2 software services exporter Infosys, last week reported 9.7 percent rise in second-quarter earnings roughly in line with Street estimates to alleviate investors' concerns of a sharp slowdown in outsourcing sector.

TCS shares, valued at about $ 45000000000 bourses fell over 1 percent as investors booked profits. The company's stock, which fell 2 percent of the intra-day, closed 1.30 percent lower than Rs 1,119.80 a piece of BSE.

Indian IT services companies like TCS, Infosys and Wipro earn about 85 percent of its revenues from the U.S. and European markets.

http://www.sitepromotiondirectory.com/detail/composite-decking-155374.htm
http://www.traffic2web.com/detail/link-72970.php
http://www.uniquetitles.com/detail/composite-decking-25891.htm
http://www.usalistingdirectory.com/detail/composite-decking-167541.htm
http://www.usawebsitesdirectory.com/detail/composite-decking-150398.php
http://directory.usatohifi.com/detail/link-111383.html
http://www.4all.blahoo.net/detail/link-109273.html
http://www.addsitefree.com/detail/link-397018.html
http://www.bestdirectory4you.com/detail/careers-in-financial-planning-145271.html
http://www.deeplinker.net/detail/link-183332.html
http://www.directoryutopia.com/detail.php?id=144031
http://www.free-backlink.com/detail/ROTH-Investments-44490.html
http://www.onemilliondirectory.com/detail/Exchange-Traded-Funds-205436.html
http://www.seoseek.net/detail/link-148871.html
http://www.seotarget.net/detail/link-138444.html
http://www.sitepromotiondirectory.com/detail/Financial-Planner-Salt-Lake-City-155375.htm
http://www.traffic2web.com/detail/link-72971.php
http://www.uniquetitles.com/detail/Careers-in-Financial-Planning-25892.htm
http://www.usalistingdirectory.com/detail/Careers-in-Financial-Planning-167542.htm
http://www.usawebsitesdirectory.com/detail/Exchange-Traded-Funds-150399.php
http://directory.usatohifi.com/detail/link-111384.html
http://www.4all.blahoo.net/detail/link-109274.html
http://www.addsitefree.com/detail/link-397019.html
http://www.bestdirectory4you.com/detail/stock-predictions-145272.html
http://www.deeplinker.net/detail/link-183333.html
http://www.directoryutopia.com/detail.php?id=144032
http://www.free-backlink.com/detail/Stock-News-44492.html
http://www.onemilliondirectory.com/detail/Crowd-Sourcing-205437.html
http://www.seoseek.net/detail/link-148872.html
http://www.seotarget.net/detail/link-138445.html
http://www.sitepromotiondirectory.com/detail/Investment-Advisor-155376.htm
http://www.traffic2web.com/detail/link-72972.php
http://www.uniquetitles.com/detail/Stock-Predictions-25893.htm
http://www.usalistingdirectory.com/detail/Crowd-Sourcing-167543.htm
http://www.usawebsitesdirectory.com/detail/Exchange-Opinion-150400.php
http://directory.usatohifi.com/detail/link-111385.html
http://www.4all.blahoo.net/detail/link-109275.html
http://www.addsitefree.com/detail/link-397020.html
http://www.bestdirectory4you.com/detail/chapter-13-bankruptcy-attorney-denver-145273.html
http://www.deeplinker.net/detail/link-183334.html
http://www.directoryutopia.com/detail.php?id=144034
http://www.free-backlink.com/detail/Business-Tax-Attorney-Denver-44493.html
http://www.onemilliondirectory.com/detail/Divorce-Lawyer-Denver-205438.html
http://www.seoseek.net/detail/link-148873.html
http://www.seotarget.net/detail/link-138446.html
http://www.sitepromotiondirectory.com/detail/Bankruptcy-Lawyer-Denver-155377.htm
http://www.traffic2web.com/detail/link-72973.php
http://www.uniquetitles.com/detail/Divorce-Attorney-Denver-25894.htm
http://www.usalistingdirectory.com/detail/Bankruptcy-Attorney-Aurora-167547.htm
http://www.usawebsitesdirectory.com/detail/Bankruptcy-Attorney-Denver-150401.php
http://directory.usatohifi.com/detail/link-111386.html
http://www.4all.blahoo.net/detail/link-109276.html
http://www.addsitefree.com/detail/link-397022.html
http://www.bestdirectory4you.com/detail/asset-management-wauwatosa-145274.html
http://www.deeplinker.net/detail/link-183335.html
http://www.directoryutopia.com/detail.php?id=144035
http://www.free-backlink.com/detail/Asset-Management-Milwaukee-44494.html
http://www.onemilliondirectory.com/detail/Bookkeeping-Milwaukee-205439.html
http://www.seoseek.net/detail/link-148874.html
http://www.seotarget.net/detail/link-138447.html
http://www.sitepromotiondirectory.com/detail/Accountant-Waukesha-155378.htm
http://www.traffic2web.com/detail/link-72974.php
http://www.uniquetitles.com/detail/Bookkeeper-Milwaukee-25897.htm
http://www.usalistingdirectory.com/detail/Accountant-Brookfield-167548.htm
http://www.usawebsitesdirectory.com/detail/Accountant-Milwaukee-150402.php
http://directory.usatohifi.com/detail/link-111387.html
http://www.4all.blahoo.net/detail/link-109277.html
http://www.addsitefree.com/detail/link-397024.html
http://www.bestdirectory4you.com/detail/immigration-lawyer-inland-empire-145275.html
http://www.deeplinker.net/detail/link-183336.html
http://www.directoryutopia.com/detail.php?id=144037
http://www.free-backlink.com/detail/Immigration-Attorney-San-Diego-44495.html
http://www.onemilliondirectory.com/detail/Immigration-Lawyer-Orange-County-205440.html
http://www.seoseek.net/detail/link-148875.html
http://www.seotarget.net/detail/link-138448.html
http://www.sitepromotiondirectory.com/detail/Abogado-Orange-County-155379.htm
http://www.traffic2web.com/detail/link-72975.php
http://www.uniquetitles.com/detail/Immigration-Lawyer-Los-Angeles-25898.htm
http://www.usalistingdirectory.com/detail/Abogado-Inland-Empire-167549.htm
http://www.usawebsitesdirectory.com/detail/Abogado-Los-Angeles-150404.php
http://directory.usatohifi.com/detail/link-111388.html
http://www.4all.blahoo.net/detail/link-109278.html
http://www.addsitefree.com/detail/link-397025.html
http://www.bestdirectory4you.com/detail/new-franchise-145276.html
http://www.deeplinker.net/detail/link-183337.html
http://www.directoryutopia.com/detail.php?id=144038
http://www.free-backlink.com/detail/Frozen-yogurt-franchises-Utah-44496.html
http://www.onemilliondirectory.com/detail/Yogurt-Ice-cream-Franchise-205441.html
http://www.seoseek.net/detail/link-148876.html
http://www.seotarget.net/detail/link-138449.html
http://www.sitepromotiondirectory.com/detail/frozen-yogurt-franchise-cost-155380.htm
http://www.traffic2web.com/detail/link-72976.php
http://www.uniquetitles.com/detail/New-Franchise-Utah-25899.htm
http://www.usalistingdirectory.com/detail/Frozen-yogurt-franchise-167550.htm
http://www.usawebsitesdirectory.com/detail/Frozen-yogurt-franchise-business-150405.php
http://directory.usatohifi.com/detail/link-111389.html
http://www.4all.blahoo.net/detail/link-109279.html
http://www.addsitefree.com/detail/link-397027.html
http://www.bestdirectory4you.com/detail/property-investment-calgary-145277.html
http://www.deeplinker.net/detail/link-183338.html
http://www.directoryutopia.com/detail.php?id=144039
http://www.free-backlink.com/detail/Real-Estate-Training-Winnipeg-44497.html
http://www.onemilliondirectory.com/detail/Property-Investment-Vancouver-205442.html
http://www.seoseek.net/detail/link-148877.html
http://www.seotarget.net/detail/link-138451.html
http://www.sitepromotiondirectory.com/detail/Property-Investment-Toronto-155381.htm
http://www.traffic2web.com/detail/link-72977.php
http://www.uniquetitles.com/detail/Property-Investment-Montreal-25900.htm
http://www.usalistingdirectory.com/detail/Property-Investment-Calgary-167551.htm
http://www.usawebsitesdirectory.com/detail/Property-Investment-Montreal-150406.php
http://www.4all.blahoo.net/detail/link-109280.html
http://www.addsitefree.com/detail/link-397026.html
http://www.bestdirectory4you.com/detail/wa-state-health-insurance-145278.html
http://www.deeplinker.net/detail/link-183339.html
http://www.directoryutopia.com/detail.php?id=144040
http://www.free-backlink.com/detail/WA-Insurance-Companies-44498.html
http://www.onemilliondirectory.com/detail/washington-health-plan-205443.html
http://www.seoseek.net/detail/link-148879.html
http://www.seotarget.net/detail/link-138452.html
http://www.sitepromotiondirectory.com/detail/health-insurance-washington-155382.htm
http://www.traffic2web.com/detail/link-72979.php
http://www.uniquetitles.com/detail/washington-health-25901.htm
http://www.usalistingdirectory.com/detail/community-health-washington-167552.htm
http://www.usawebsitesdirectory.com/detail/Health-Insurance-WA-150407.php
http://directory.usatohifi.com/detail/link-111392.html
http://www.4all.blahoo.net/detail/link-109281.html
http://www.addsitefree.com/detail/link-397028.html
http://www.bestdirectory4you.com/detail/maids-denver-145279.html
http://www.deeplinker.net/detail/link-183340.html
http://www.directoryutopia.com/detail.php?id=144041
http://www.free-backlink.com/detail/maid-services-denver-44499.html
http://www.onemilliondirectory.com/detail/cleaning-companies-in-denver-205444.html
http://www.seoseek.net/detail/link-148880.html
http://www.seotarget.net/detail/link-138453.html
http://www.sitepromotiondirectory.com/detail/denver-cleaning-services-155383.htm
http://www.traffic2web.com/detail/link-72980.php
http://www.uniquetitles.com/detail/maids-in-denver-25902.htm
http://www.usalistingdirectory.com/detail/cleaning-companies-in-denver-167553.htm
http://www.usawebsitesdirectory.com/detail/denver-cleaning-service-150408.php
http://directory.usatohifi.com/detail/link-111393.html
http://www.4all.blahoo.net/detail/link-109282.html
http://www.addsitefree.com/detail/link-397030.html
http://www.bestdirectory4you.com/detail/promotional-key-chains-145280.html
http://www.deeplinker.net/detail/link-183341.html
http://www.directoryutopia.com/detail.php?id=144042
http://www.free-backlink.com/detail/personalized-key-chains-44500.html
http://www.onemilliondirectory.com/detail/key-chain-205445.html
http://www.seoseek.net/detail/link-148883.html
http://www.seotarget.net/detail/link-138454.html
http://www.sitepromotiondirectory.com/detail/key-ring-155384.htm
http://www.traffic2web.com/detail/link-72981.php
http://www.uniquetitles.com/detail/personalized-key-rings-25903.htm
http://www.usalistingdirectory.com/detail/key-chain-167555.htm
http://www.usawebsitesdirectory.com/detail/keychain-150409.php
http://directory.usatohifi.com/detail/link-111394.html
http://www.4all.blahoo.net/detail/link-109283.html
http://www.addsitefree.com/detail/link-397031.html
http://www.bestdirectory4you.com/detail/black-mold-145281.html
http://www.deeplinker.net/detail/link-183342.html
http://www.directoryutopia.com/detail.php?id=144043
http://www.free-backlink.com/detail/Black-Mold-Health-Risks-44501.html
http://www.onemilliondirectory.com/detail/Black-Mold-Removal-205446.html
http://www.seoseek.net/detail/link-148884.html
http://www.seotarget.net/detail/link-138455.html
http://www.sitepromotiondirectory.com/detail/Black-Mold-Removal-155386.htm
http://www.traffic2web.com/detail/link-72983.php
http://www.uniquetitles.com/detail/Mold-Removal-25904.htm
http://www.usalistingdirectory.com/detail/Black-Mold-167556.htm
http://www.usawebsitesdirectory.com/detail/Mold-Removal-150410.php
http://directory.usatohifi.com/detail/link-111395.html
http://www.4all.blahoo.net/detail/link-109284.html
http://www.addsitefree.com/detail/link-397033.html
http://www.bestdirectory4you.com/detail/collision-center-san-marcos-texas-145282.html
http://www.deeplinker.net/detail/link-183343.html
http://www.directoryutopia.com/detail.php?id=144044
http://www.free-backlink.com/detail/body-shop-new-braunfels-44502.html
http://www.onemilliondirectory.com/detail/body-repair-san-marcos-texas-205448.html
http://www.seoseek.net/detail/link-148885.html
http://www.seotarget.net/detail/link-138456.html
http://www.sitepromotiondirectory.com/detail/body-repair-san-marcos-texas-155388.htm
http://www.traffic2web.com/detail/link-72984.php
http://www.uniquetitles.com/detail/body-shop-san-marcos-texas-25905.htm
http://www.usalistingdirectory.com/detail/Collision-Center-san-marcos-texas-167557.htm
http://www.usawebsitesdirectory.com/detail/body-shop-san-marcos-texas-150411.php
http://directory.usatohifi.com/detail/link-111397.html
http://www.4all.blahoo.net/detail/link-109285.html
http://www.addsitefree.com/detail/link-397034.html
http://www.bestdirectory4you.com/detail/dui-lawyer-boston-145283.html
http://www.deeplinker.net/detail/link-183344.html
http://www.directoryutopia.com/detail.php?id=144045
http://www.free-backlink.com/detail/boston-dui-lawyers-44503.html
http://www.onemilliondirectory.com/detail/mass-dui-lawyer-205449.html
http://www.seoseek.net/detail/link-148886.html
http://www.seotarget.net/detail/link-138457.html
http://www.sitepromotiondirectory.com/detail/criminal-lawyer-boston-155389.htm
http://www.traffic2web.com/detail/link-72985.php
http://www.uniquetitles.com/detail/dui-lawyers-boston-25906.htm
http://www.usalistingdirectory.com/detail/boston-criminal-lawyer-167559.htm
http://www.usawebsitesdirectory.com/detail/boston-criminal-lawyers-150412.php


Articles Source:- http://economictimes.indiatimes.com/news/news-by-company/earnings/earnings-news/tcs-q2-net-up-14-7-at-rs-2439-crore-marginally-below-estimates/articleshow/10389461.cms

No comments: