Tata Consultancy Services, India's largest software services exporter, reported a 22.6 per cent increase in its net profit for the quarter ended March 31, 2012 as compared to its year-earlier quarter.
Its revenue rose 30.5 per cent to Rs 13,259.30 crore. The company announced a dividend of Rs 16 per share.
The company became the first Indian IT company to cross the 10 billion dollar milestone, posting annual revenues of $10.17 billion in FY12.
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."
Looking ahead to FY13, Mr N Chandrasekaran said: "TCS is well prepared to achieve balanced growth across the industries and markets it operates in, given its holistic portfolio of services which are now achieving significant scale across markets."
S Mahalingam, Chief Financial Officer and Executive Director, said: "We have grown very well during 2011-12 and also been able to exit the year at the right margin levels, despite the marked increase in volatility during the past 12 months."
He added: "Our focus is firmly fixed on the opportunities out there. So while maintaining our cost discipline at an operational level, we continue to invest in capacity and capability as we prepare for growth ahead."
Business Today's Goutam Das (@Goutam20) tweeted on TCS results. - TCS CEO says revenue growth in FY 13 will come ahead of Nasscom's estimates of 11-14%
- TCS CEO sees BFSI sector growing in the coming year; was flat for the company in Q4
- TCS seeing good year for IT in FY 13; deal momentum good. Contrasts with Infy's guidance
- TCS hiring in FY 12 at an all time high, 70,000 gross during the year
- TCS has increased revenue lead over Infosys in FY 12, difference more than $ 3 bn now
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