Country's largest software exporter TCS reported nearly 19 per cent growth in consolidated net profit for the first quarter of the current fiscal at Rs 1,533.94 crore.Its revenue for the same period stood at Rs 7,207 crore -- up 12 per cent YoY.In terms of verticals, the quarter under review saw some stability in the core BFSI segment with the US leading the trend, while the UK and Europe are expected to stabilise in subsequent quarters, notes the management. In manufacturing, the speed of demand recovery will depend on overall economic recovery. The media and retail verticals continue to grow from new deals as well as ramp-ups of large deals closed in FY09.
On the hiring front, utilisation in Q1 FY09 was 79.2 per cent (excluding trainees) and 71.3 per cent (including trainees). There was a gross addition of 2,828. The attrition rate in Q1 was 11.5 per cent. At the end of Q1, the total employee strength of the company was 1,41,642. Foreign nationals formed 8.3 per cent of the total employee base and 30 per cent were women.The variable component of employees in Indian payroll will paid in full along with july salary.
TCS also added 26 new clients(lowest in 6 years), and net addition were down by 2000 odd employees though gross addition was 2312 associates. EPS growth was up 15% to RS.7.83 from Rs.6.81 last quarter. The board approved a dividend of Rs.2 per share.
