India's largest IT exporter, TCS (Tata Consultancy Services) has announced its third quarter results of FY10. It has reported 12.32% jump in its Q3 net profit of Rs 1,824 crore as against Rs 1,623.9 crore in the previous quarter.
The company's consolidated revenues increased 2.86% to Rs 7,648 crore versus Rs 7,435.1 crore, on quarter-on-quarter basis (QoQ). The numbers were better-than-expected, a CNBC-TV18 poll saw the net profit at Rs 1,641.2 crore and revenues at Rs 7,463.9 crore. However, other income declined to Rs 65.51 crore from Rs 172 crore.
According to US GAAP, its net profit jumped 10.7% to Rs 1,797 crore and revenue went up 2.9% to Rs 7,650 crore.
Total costs moved up to Rs 5,544 crore versus Rs 5,481 crore and overseas business costs increased to Rs 1,183 crore from Rs 1,327 crore.
Source: CNBC-TV18Courtesy moneycontrol.com
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