Tata Consultancy Services is an IT services, business solutions and outsourcing organization that delivers real results to global businesses, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services delivered through its unique Global Network Delivery Model, recognized as the benchmark of excellence in software development. A part of the Tata Group, India’s largest industrial conglomerate, TCS has over 160,000 of the world's best trained IT consultants in 42 countries. The company generated consolidated revenues of US $6.3 billion for fiscal year ended 31 March 2010 and is listed on the National Stock Exchange and Bombay Stock Exchange in India.
Financial Highlights for Quarter Ended June 30, 2010:
•Operating Profits at $487 million
•Growth 32.5% Y-o-Y and 5.1% Q-o-Q
•Profit After Tax at $403 million
•Growth of 29.3% Y-o-Y and (4.9) % Q-o-Q
•Earnings Per Share at $0.21
Business Highlights for Quarter Ended June 30, 2010:
•Gross Addition of 10,849 Employees (Net Addition of 3,271 employees)
•36 New Clients added
Key Wins:
•Development project in the area of Supply Chain and Merchandizing from a large Food Retailer in UK
•Multi-year global deployment and support engagement of an enterprise solution package for a large US based manufacturing and services firm
•Strategic Partner to a large media company to help transform IT operations in a deal worth over $100M. TCS will be providing integrated Infrastructure and Applications Services to help the customer transform its IT operations into a centralized shared services delivery organization
•Implementation of a transformation program for a state utility in India in an engagement valued over Rs 250 crore
•Multi- year contract with a Europe-based global mobile service provider to provide solutions that increase agility and responsiveness to customers
•Strategic partner for a leading global medical devices company in a multi- year, multi-million dollar deal for IT Applications and end-to-end infrastructure outsourcing.
•Strategic engineering services partner for a leading storage company in a multi-million dollar, multi-year contract for providing product quality assurance and infrastructure management services
http://www.tcs.com/news_events/press_releases/Pages/Q1-2011-Revenues-USD-1794-million-up-6.4-percent-sequentially-up-21.2-Y-o-Y.aspx