Leading IT consultancy and services company Tata Consultancy Services on Tuesday posted a profit after tax of Rs 796.69 crore (Rs 7.96 billion) for the quarter ended June 30, 2006 whereas the same was Rs 578.86 crore (Rs 5.78 billion) in the year-ago period.
The total income stood at Rs 3465.9 crore (Rs 34.65 billion) for the first quarter of the 2006-07, as against Rs 2276.32 crore (Rs 22.76 billion) a year ago, the company informed the Bombay Stock Exchange.
The Group has posted a consolidated net profit (after minority interest and share of profit of associates) of Rs 882.66 crore (Rs 8.82 billion) for the quarter ended June 30, 2006, whereas the same was at Rs 630.62 crore (Rs 6.30 billion) for the same period last fiscal.
The board has recommended an interim dividend of Rs 3 on shares of Re 1 each.
"At TCS, the management continues to focus on driving sustainable, robust growth and Q1 has been marked by strong growth in volumes coupled with increasing traction for our new growth engines like BPO and consulting," S Ramadorai CEO and MD, TCS said.
Total income of the group stood at Rs 4,258.19 crore (Rs 42.58 billion) for Q1 FY'07 as against Rs 2,721.02 crore (Rs 27.21 billion) in the year-ago period.
The figures of the quarter under review are not comparable to the previous period's figures as they do not include the earnings of the erstwhile Tata Infotech Ltd, Airline Financial Support Services, TCS Business Transformation Solutions Ltd and Aviation Software Development Consultancy India Ltd, which were amalgamated with the company with retrospective effect from April 1, 2005.
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