Information technology major Tata Consultancy Services announced the results for quarter and year ended March 31 2006.
- Growth rate higher than IT industry average
- FY06 profits up over 50% at $ 665 mn or Rs 2966.75 crore
- Q4 revenues up 44 per cent, net profits up 76 per cent Y-o-Y
- TCS announced maiden bonus issue in 1:1 ratio
- Strong foundations laid for growth in 2006-07
- First Indian IT company to cross 60,000 employees
- Final Dividend of Rs 4.50 per share announced
Highlights for financial year ended March 31, 2006
- Total Income for FY06 at Rs 13,252.15 crore (Rs 132.52 billion); up 35.94 per cent Y-on-Y
- Net profit for FY06 at Rs 2,966.75 crore (Rs 29.67 billion); up 50.07 per cent Y-on-Y
- Net addition of 21,140 employees during the year
- Total Number of clients added in FY06 are 330
- EPS for FY06 at Rs 60.63 from Rs 42.02 in FY05