TCS Q3 net up 19%

Tata Consultancy Services (TCS) on Wednesday posted a 19% increase in consolidated net profit at Rs 1,326.67 crore for the third quarter ended December 31, 2007 when compared with Rs 1,116.10 crore in Q3 FY07.

Total income posted by TCS increased to Rs 6,041.98 crore from Rs 4,910.53 crore in Q3 FY07.

The company also declared a third interim dividend of Rs 3 per share of Re 1 each.

The company added 54 new clients and 7,522 employees joined the company during the quarter ended December 31, 2007.

News Source : Samachar

The company had about $3.1 billion outstanding in hedges, and has used a conversion rate of Rs 39.415/dollar for Q3 FY08.