TCS third quarter net profit beats the Street at Rs 3,552 cr

Jan 15 2013, 00:06 IST
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SummaryAfter IT bellwether Infosys surprised the market with a good set of numbers last week, it was the country’s largest software exporter Tata Consultancy Services’ turn on Monday to post a robust set of numbers, fuelling expectations that IT spending by corporates may be rising again.

during the quarter and its clients in the $100 million increased to 16 during the quarter. TCS also saw a pricing uptick of 1.5% this year. The company has added 31 new clients during the quarter taking its total active client count to 1,051.

Attrition at the IT major came in at its lowest 11.2%. The TCS board has also declared an interim dividend of Rs 3 per equity share of Re 1 each of the company.

Shares of TCS closed 2.14% up at Rs 1,334.3 on the Bombay Stock Exchange on Monday. The results, though were announced after market hours.

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