TCS Beats Expectations, Revenues Up 3.3% QoQ
DSIJ Intelligence / 14 Jan 2013
TCS announced its Q3FY13 results, beating expectations by growing 3.3% on the revenues front.
TCS announced their Q3FY13 results a while ago. A preliminary look at the numbers suggests that the company has performed better than expected. Revenues have increased by 3.3% sequentially to USD 2.948 billion and the net income by 1.4% to USD 0.652 billion. It has also seen an improvement in the operating margin, which has increased by 51 basis points to 27.3%. Growth for the quarter is termed to have been broad-based. Services have also been leveraged by newer service lines like Enterprise Solutions, Infrastructure Services and Global Consulting. Keep an eye on this space for a detailed analysis on the performance of TCS in Q3FY13.
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