TCS Updates|Results

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TCS gains on strong profit growth in Q1 
Tata Consultancy Services (TCS) gained on Friday after company announced strong Q1 earnings. Shares of the company are trading at Rs 1,265, up Rs 28.9, or 2.34% at the Bombay Stock Exchange (BSE) on Friday at 9:30 a.m.

The company reported consolidated net profit of 37.39% to Rs 33.18 billion for the quarter ended June 30, 2012 as compared to Rs 24.15 billion for the quarter ended June 30, 2011. On sequential basis, TCS`s consolidated profit grew 14.60% over previous quarter.

Total consolidated revenues has increased from Rs 107.97 billion for the quarter ended June 30, 2011 to Rs 148.69 billion for the quarter ended June 30, 2012, representing increase of 37.71%. On quarter on quarter basis, it posted increase of 12.14% in the revenues.

The scrip has touched an intra-day high of Rs 1,285 and low of Rs 1,261.05. The total volume of shares traded at the BSE is 140,567.

In the earlier session, the shares fell 1.8%, or Rs 22.7, at Rs 1,236.10. Currently, the stock is trading down 2.3% from its 52-week high of Rs 1,294.80 and above 40.1% over the 52-week low of Rs 902.90.
Source : myiris.com

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