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From the News Desk
Friday, 1. September 2006
TCS Reports Annual Results, Springs Into USD 3 Bln League
Tata Consultancy Services Limited (TCS), a leading information technology consulting, services, business process outsourcing and engineering services company, has reported its consolidated financial results for the quarter and year ended March 31, 2006. The total income stood at USD 2.97 billion, up 36.27% Y-on-Y, and the net profit for FY06 at USD 649.17 million up 41.16% Y-on-Y, as the Indian software behemoth added 89 new clients in the fourth quarter.
Commenting on the company’s performance in FY06, S. Ramadorai, CEO and MD, said: “An outstanding performance in Q4 has rounded-off a defining year for TCS, marked by large deals, strategic acquisitions, expansion in size and its transformation into a global corporation.” He added: “As an integrated full services player with global footprint and scale, TCS is presented with valuable growth opportunities in the market place. We have the right structure and leadership team in place globally to take advantage of this tremendous opportunity”.
The company plans a gross addition of 30,500 people in 2006-07 and has already made 9,200 campus offers for new recruits in 2006-07.
Commenting on the company’s performance in FY06, S. Ramadorai, CEO and MD, said: “An outstanding performance in Q4 has rounded-off a defining year for TCS, marked by large deals, strategic acquisitions, expansion in size and its transformation into a global corporation.” He added: “As an integrated full services player with global footprint and scale, TCS is presented with valuable growth opportunities in the market place. We have the right structure and leadership team in place globally to take advantage of this tremendous opportunity”.
The company plans a gross addition of 30,500 people in 2006-07 and has already made 9,200 campus offers for new recruits in 2006-07.
