TATA CONSULTANCY SERVICES
TCS has performed very
well in the period April to Sept,.2011.
H.Yly CONSOLIDATED RESULTS
April-Sept.2011
On
a consolidated basis, Net Sales
have gone up to Rs.22430.51 Cr –for the Half year ending Sept,2011 compared to
Rs.17503.67 Cr – an increase of 28.15%.
But,
Total
Expenditure has gone up to Rs.16453.24 cr –for HY Sept,2011 –compared
to Rs.12651.99 Cr for HY Sep.2010 – an increase of 30.04%.
Profit from Operations has gone up to Rs.5977.27 Cr for HY Sep.2011 –
compared to Rs.4851.68 Cr for HY sept.2010 – an increase of 23.2%.
Profit before tax has gone up to Rs.6379.74 cr for HY sept 2011,
compared to Rs. 4999.93 cr – an increase
of 27.6%
Consolidated Net Profit has gone up to Rs.4715.78 Cr for HY Sept 2011 – compared to Rs.4075.28 cr
in HY Sep 2010 - an increase of 15.72%.
Basic EPS(in Rs.) for HY ending Sept.2011 stands at Rs.24.06 –
compared to Rs.20.77 for HY sept 2010 – an increase of 15.84%.
CONSOL-RESULTS TABLE
On half yearly basis
1st
HY 12
|
%
dif
|
||
Net
Sales
|
2,243,051.00
|
1,750,367.00
|
28.15
|
Employees
Cost
|
869,310.00
|
645,024.00
|
34.77
|
Depreciation
|
43,970.00
|
33,399.00
|
31.65
|
Other
Expenditure
|
732,044.00
|
586,776.00
|
24.76
|
Total
Expenditure
|
1,645,324.00
|
1,265,199.00
|
30.04
|
Profit
from Operation
|
597,727.00
|
485,168.00
|
23.2
|
Other
Income
|
41,683.00
|
16,621.00
|
150.79
|
Interest
|
1,436.00
|
1,796.00
|
-20.04
|
Profit
before tax
|
637,974.00
|
499,993.00
|
27.6
|
Tax
Expense
|
161,158.00
|
86,294.00
|
86.75
|
Net
Profit
|
476,816.00
|
413,699.00
|
15.26
|
Minority
Interest
|
5,238.00
|
6,141.00
|
-14.7
|
Shares
of Associates
|
-
|
30
|
|
Consolidated
Net Profit
|
471,578.00
|
407,528.00
|
15.72
|
Face
Value (in Rs.)
|
1
|
1
|
0
|
Paid-up
Equity
|
19,572.00
|
19,572.00
|
0
|
Basic
EPS(in Rs.)
|
24.06
|
20.77
|
15.84
|
Public
Shareholding (%)
|
25.92
|
25.99
|
-0.27
|
RESULTS FOR
QTR = June to Sept,2011
CONSOLIDATED
Demand
momentum across markets drives Q2 Revenues to Rs 11,633 cr ($2.52 b) up 25.3%
Y-o-Y; up 7.7% Q-o-Q
Volumes
increase 6.25% sequentially
International
business grows 9% led by major markets
Attrition
sharply lower at 13.7%; Gross addition at new high
Ø
Operating Profits at Rs.3,143
crore; Growth of 21.4 % Y-o-Y and 11.4 % Q-o-Q
Ø
Operating Margins at 27%,
up 89 basis points
Ø
Profit After Tax at Rs.2,301
crore; Growth of 6.1 % Y-o-Y and (4.7) % Q-o-Q
Ø
Dividend per share of Rs.3
Ø
Earnings Per Share at Rs.11.74
Business Highlights for Quarter Ended September 30, 2011
Ø
$100-million+ customers up
2 to 12; reflects continued traction for full services strategy
Ø
Gross Addition of 20,349
Employees (Net Addition of 12,580 employees)
Ø
High Utilisation rates
maintained at 83.1% (excluding trainees)
Ø
35 New Clients added; 1010
active clients
NON-CONSOLIDATED RESULTS
(QTRLY)
Net Sales for the 2nd Qtr ending Serpt,2011 stands at
Rs.9329.24 cr – an increase of 8.31%
over preceding qtr of q1 FY 12; and an increase of 45.52% over Q2 FY 11
(corresponding Qtr).
Total Expenditure stands at Rs.6842.72
Cr for Q2 FY 12 – an increase of 7.98% over Q1 FY 12; and an increase of 46.71% over Q2 FY 11.
Profit from Operations stands at
rs.2486.52 Cr for Q2 FY 12 – an increase
of 9.21% from Q1 Fy 12; and an increase
of 42.35% over Q2 FY 11.
Other Income is huge at Rs.1420.48 cr for Q2 FY 12 – an increase
of 451.9% over Q1 FY 12; and increase
of 3799.2% over Q2 FY 11.
Profit before tax stands at Rs.3898.53 cr for Q2 FY 12 – an increase
of 53.98% over Q1 FY 12; and an increase
of 118.87% over q2 FY 11.
Net Profit has gone up to Rs.3187.11 cr in Q2 FY 12 – compared to
Rs.2062.43 cr in Q1 FY 12, an increase of
54.53%; and compared to Rs.1556.41 cr in Q2 FY 11, an increase of 104.77%.
Basic EPS for Q2 FY 12 on standalone basis is Rs.16.27 –
compared to Rs.10.52 for Q1 FY 12; and compared to Rs.7.93 for Q2 FY 11.
Key Wins
A leading Global Bank has selected
TCS BαNCS platform to implement asset servicing for wholesale banking and
securities processing for direct custody.
Selected
by a large broadband and telecommunications player in Europe and Latin America
for service management & integration in a deal valuing over $ 100 M.
TCS
BαNCS Insurance product to be implemented across five North Asian countries
including China for the Life and Annuities business for a leading UK based life
assurance company.
Won
a platform standardization deal to consolidate a diverse footprint for a large
US based large insurance company.
Awarded
large contract by a US Fortune 500 medical devices company for end-to-end
remote infrastructure services.
Selected
by a large US-based cable operator and home internet service provider as its
strategic partner for its OSS/BSS transformation.
TCS
BαNCS portfolio for core banking, fraud monitoring, domestic and international
payments was selected by a leading European financial services provider.
Selected
by a global brewing and bottling company as its technology partner to provide
infrastructure management services.
Selected
by a leading generator and marketer of electricity in North America as a
strategic partner for application and infrastructure management.
NON-CONSOLIDATED RESULTS
FOR Q/3 SEPT 2011
TCS
NON-CON
|
30-Sep-11
|
30-Jun-11
|
%
DIF
|
30-Jun-10
|
% DIF
|
Net Sales
|
932924
|
861356
|
8.31
|
641095
|
45.52
|
Employees Cost
|
342171
|
320587
|
6.73
|
225942
|
51.44
|
Depreciation
|
17387
|
15726
|
10.56
|
11460
|
51.72
|
Other Expenditure
|
324714
|
297363
|
9.2
|
229018
|
41.79
|
Total Expenditure
|
684272
|
633676
|
7.98
|
466420
|
46.71
|
Profit from Operations
|
248652
|
227680
|
9.21
|
174675
|
42.35
|
Other Income
|
142048
|
25740
|
451.9
|
3643
|
3799.2
|
Interest
|
847
|
236
|
258.9
|
194
|
336.6
|
Profit before tax
|
389853
|
253184
|
53.98
|
178124
|
118.87
|
Tax expense
|
71142
|
46941
|
51.56
|
22483
|
216.43
|
Net Profit
|
318711
|
206243
|
54.53
|
155641
|
104.77
|
Face Value (In Rs
|
1
|
1
|
0
|
1
|
0
|
Basic EPS
|
16.27
|
10.52
|
54.66
|
7.93
|
105.17
|
Thus,
the performance of TCS on stand alone and consolidated basis ,as can be seen
from the above, has been EXCELLENT. The momentum in winning New deals is a
great strength for TCS. Thus, TCS is always a BUY.
* * * E
N D * * *
`
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