TCS Net Up 4.15% YoY, Down 6.17% QoQ
22 Apr 2008 | Print
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Tata Consultancy Services Ltd reports that India’s largest software-services company has reported its financial results for the quarter ended March 2008. The company’s net profit rose 4.15 per cent to Rs 1,245 crore as compared to the same quarter of the previous year, while revenue was up 18.13 per cent to Rs 6,098 crore.
Compared to the previous quarter (third of 2007-08), its net profit was down 6.17 per cent. Except for Satyam Computer Services, which posted 7.7 per cent net profit growth quarter-on-quarter, all the other tier-I information technology firms (Infosys, HCL and Wipro) reported poor sequential growth numbers. The three firms have recorded low sequential growth in revenue as well.
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