TCS

Research report by 'Ventura Securities Ltd'
     
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TCS beating market expectations yet again

India’s largest IT services provider, Tata Consultancy Services, beat market expectations to post a 33.9 per cent jump in its net profit at Rs 1,824 crore for the quarter ended December 31, 2009 as compared to the same period a year ago. Its revenues, too, jumped 5.1 per cent on strong volumes of 6.6 per cent to touch Rs 7,649 crore year-on-year. On a sequential (quarter-on-quarter) basis, TCS’ net profit rose 11.1 per cent, while revenues jumped 2.9 per cent. In dollar terms, TCS performed even better. Its revenue was up 10.3 per cent year-on-year and 6.3 per cent sequentially, while net profit rose 38.9 per cent year-on-year and 14.2 per cent quarter-on-quarter.


   
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