Tata Consultancy Services Ltd. has reported higher first quarter profit of 8.63 billion rupees, up 33 percent from 6.47 billion a year earlier. Revenue for the quarter rose 42.3 percent to 41.44 billion rupees from 29.13 billion rupees a year ago.
"Q1 has been marked by strong growth in volumes coupled with increasing traction for our new growth engines like BPO and consulting," said S. Ramadorai, CEO and MD of TCS.
The company said it added 62 new clients in the April-June quarter and won a USD 50 million deal from a large North American retailer and a USD 33 million contract from a telecoms services provider in the Middle East.
TCS said that it had restated the year-ago profit from 6.19 billion rupees to reflect its acquisition of group company Tata Infotech Ltd.
A TCS spokesman said it had restated the year-earlier profit from 6.19 billion rupees to reflect its acquisition of group company Tata Infotech Ltd.
TCS said it hired 7,095 new employees during the quarter, which resulted in a net addition of 4,698 staff, raising its payroll to 71,190. It plans to add a total of 30,500 people this year.
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