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TCS Q3 net follows forecasts

Friday, January 16, 2009 9:55 am
By ShareGyan.com NewsDesk

Tata Consultancy Services recorded below-expectations progress in net profit for the third quarter ended December 31, 2008. The company’s net profit grew by 2.79% to Rs.1211.89 crore from Rs.1178.99 crore in the previous corresponding quarter.
Total income increased to Rs.5732.21 crore for the period in review from Rs.4941.48 crore for the quarter ended December 31, 2007.
On a combined basis, the Group has posted a net profit of Rs.1362.06 crore for the quarter ended December 31, 2008 as compared to Rs.1326.67 crore in the year-ago period. Total income has increased to Rs.7105.04 crore from Rs.6041.30 crore last year.

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