Secular growth, strong volumes drive Q1

PRESS RELEASE

 

Secular growth, strong volumes drive Q1

  • Revenues at $2.73 billion up 13.1% Y-o-Y
  • Net Income at $604 million up 13.6% Y-o-Y
  • Diversified strategy enables broad-based growth across markets and industries

Financial Highlights for Quarter Ended June 30, 2012

  • Operating profits at $750 million; Growth of 18.9% Y-o-Y
  • Operating margins at 27.5%
  • Earnings per share at $0.31

Business Highlights for Quarter Ended June 30, 2012

  • Gross addition of 13,831 employees
  • High utilization rates maintained at 81.3% (excluding trainees)
  • 29 new clients added

Mumbai, July 12, 2012: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions firm reported its consolidated International Financial Reporting Standards (IFRS) financial results for the quarter ended June 30, 2012.

The full text of the press release can be found below:

Financial Statements

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