TCS posts impressive results; breaches the $10 billion revenue mark

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TCS posts good results; breaches the $10 bn revenue mark
Tata Consultancy Services (TCS) has beaten street expectations, with a good set of numbers for Q4 2011-2012, with the company becoming the first Indian IT company to cross the 10 billion dollar milestone posting annual revenues of $10.17 billion.

The Q4 revenues at the company has come in at Rs 13,259 crores, up 30.5% year-on-year and up 0.4 % quarter-on-quarter.

The Q4 net profit has come in at Rs 2,895 crores, up 10.4% year-on-year and 3.3% quarter-on-quarter.

TCS will pay a final dividend of Rs 8 per share and Rs 8 per share as special dividend.

Commenting on the 2011-12 performance, N. Chandrasekaran, CEO and MD said: “We have carried our strong momentum through the fourth quarter to close out a year of strong growth. We have kept our focus on profitability and consolidated our market leadership.”

He added: “With our customer-centric approach, strong solution set and investments in game-changing technologies like mobility, big data and cloud, we remain well positioned to help our customers transform and drive growth in their businesses.”

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