TCS profit, volumes beat Street

India s largest software exporter, Tata Consultancy Services (TCS), on Friday declared a net profit of Rs 1,824 crore for the quarter ended December 2009, a 34% jump over same quarter a year back. The numbers beat the street expectations. Marketmen were surprised with the rebound in volumes by a strong 6.6% sequentially. TCS s operating margins expanded sequentially by 126 basis points to 27.5% and the IT firm said it was seeing growth across verticals, including the critical banking financial services & insurance (BFSI) space and across geographies. Revenues for the December 2009 quarter saw a year-on-year increase of 5.1% to ...

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