Mumbai: India's biggest software company TATA Consultancy Services or TCS has posted better than expected results for the first quarter ended June 30, 2006.
TCS net profits have risen by over 8 percent to Rs 863 crores with with total revenues at $900 million up 42.28 per cent on year-over-year basis.
The good showing by TCS comes close to a better than expected performance by the other Technology major Infosys.
Commenting on the quarter's performance, CEO and Managing Director of TCS, S Ramadorai said, "At TCS, the management continues to focus on driving sustainable, robust growth and Q1 has been marked by strong growth in volumes coupled with increasing traction for our new growth engines like BPO and consulting."
"Our Global Network Delivery Model has been validated by customers who are increasingly leveraging these centers effectively to take advantage of our bouquet of full services on offer," he added.
Comments
0 comment