To get a sense of how good that is, here are some relevant comparisons. Infosys, which announced its second quarter results last week, saw its revenue rise by 3.8%, and the much smaller iGate grew by 3.6%. TCS' growth in the September quarter is also much better than its own growth of 4.1% in the previous quarter.
The results also beat analyst expectations and that could lead to an increase in the company's share price on Wednesday.
The net profit rose sharply by 12% to $748 million, in contrast to the decline of 8.4% that Infosys saw. Infosys' profit fall was partly on account of a provision of $35 million (Rs 219 crore) towards settlement of a visa issue that is under investigation by the US federal government.
TCS CEO N Chandrasekaran said, "It has been another great quarter. We have demonstrated all-round strong growth across markets and industries, highlighted by efficient and rigorous execution. Our ongoing investments in industry-led solutions and our efforts to provide insights and articulate the relevance of the digital revolution to business is helping us gain mindshare with customers and differentiate the TCS brand in the market."
He was optimistic about the future: "We continue to see a robust demand pipeline across markets and a unique opportunity to strategically partner and participate with clients as they reimagine their future in multiple dimensions." The recovery in the US market and the rupee depreciation is helping many Indian IT companies, but TCS looks to be exploiting this advantage the most effectively.
CFO Rajesh Gopinathan said, "Strong volumes, currency tailwinds and firm execution helped us post industry-leading operating margins in this quarter. Our ability to manage operations with a degree of discipline has helped maintain the tempo of investments needed to sustain growth as well as provide superior shareholder returns."
The operating margin stood at 30%, a 3 percentage point increase from 27% in the preceding quarter. That's now a significantly higher operating margin than that of any of its peers in India.
Anda sedang membaca artikel tentang
Tata Consultancy Services Q2 net profit up 34%
Dengan url
http://pijitsehat.blogspot.com/2013/10/tata-consultancy-services-q2-net-profit.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Tata Consultancy Services Q2 net profit up 34%
namun jangan lupa untuk meletakkan link
Tata Consultancy Services Q2 net profit up 34%
sebagai sumbernya
0 komentar:
Posting Komentar