Tata Consultancy Services (TCS) has come out with good numbers for Q2FY10. Revenue was up 3.16% Q-o-Q to Rs.7435Cr & reported a 28.7% rise in net profit to Rs.1,624Cr ($351 million) from Rs.1,262Cr reported a year ago under US accounting rules. Profit under the Indian accounting standards was Rs.1,642 Cr, beating estimates, as it won more outsourcing deals, cut costs and pressure on fees eased.
TCS has declared an interim dividend of Rs.2 per share.
TCS plans to add 8,000 employees next quarter. The gross employee addition in Q2 was 5,530 with net additions of 320 and the employee attrition for Q2 stands at 11.4%.
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