India’s largest software exporter TATA consultancy services reported it’s Q4 and Financial Year 2008-2009 results on Monday 20th April evening.
Financial Year revenues stood at record $6 billion i.e. Rs.27,813 crore up 23% compared to last year.
It has shown record operating profits at Rs.6,577 crore ($1.42 billion) up 29% compared to previous year.
Net Profit stood at Rs.5,256 crore up 5% compared to previous year.
Board of directors recommended 1:1 bonus share issue.
TCS said that the volumes have grown at 18% in a tough economic environment.
Earnings per share for 2008-2009 at Rs.53.63 from Rs.51.36 in 2007-2008.
Total divident for FY 09 at Rs.14 per share including Rs.5 as final dividend
It also highlighted that they have closed 28 large scale deals during 2008-2009 and have added 163 new customers.
With respect to employee management, TCS has added 48,595 professionals and the total employee strength stood at 1,43,761 professionals. Attrition rate stood at 11.4% LTM (including BPO). It seems they have given 24,885 offers to freshers (campus) for 2009-2010.
Mr.S. Ramadorai, CEO and MD said that in addition to total dividend of Rs.14 per share, the Board of Directors have recommended a 1:1 bonus share issue subject to approval by shareholders.
Source: www.tcs.com