Q3 results of TCS announced: Good news for investors and job seekers

By Natraj Muthukrishnan on 16 January, 2010, 9:04 am

TCS is back and back with a bang. The company announced its Q3 results yesterday. TCS’ quarterly net profits surged to Rs 1,824 crore, a jump of 12.32% compared to the previous quarter, while its revenues grew at 2.86% .The company’s total income from operations rose to Rs 7,648.54 crore (Rs 76.49 billion) for the third quarter ended December, against Rs 7,277.04 crore (Rs 72.77 billion) in the same quarter last year.

The company has witnessed broad-based recovery in demand though clients in the US led. TCS signed 10 ‘significant’ deals in the quarter. It has also reported 6.6% sequential increase in volume growths. It has added 7,692 employees during the last quarter.

This is indeed a very good news for the investors and job seekers both. TCS has announced Rs.2 dividend per share. The share prices which had increased after the infosys Q3 results are expected to sky rocket as soon as the market opens on Monday.

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