TCS Q3 PAT at Rs 5,333 cr
Posted on Jan 16 2014 | IBNS
New Delhi, Jan 16 : Global IT services, consulting and business solutions provider Tata Consultancy Services (TCS) on Thursday said its consolidated net profit stood at Rs 5,333 crore for the third quarter ended Dec 31.
The company said its third quarter profit increased by 15.1 percent on a quarterly basis and 50.3 percent on a yearly basis.
Its sales for the third quarter stood at at Rs 21,294 crore.
Meanwhile, the company also said it will hire 5,000 employees for the current financial year that will end in March this year.
"To support business growth, we have increased our hiring target by a further 5,000 employees for the current financial year to 55,000 professionals," said Ajoy Mukherjee, Executive vice president and Global Head, Human Resources.
"Our efforts to push the utilization lever is paying dividends with utilization rates including trainees rising to 77.5pc and that excluding trainees at over 84pc ," Mukherjee said.