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Tata Consultancy Services Reports Q1 FY 2012 Financial Results

MUMBAI, India July 14, 2011 June 30, 2011

June 30, 2011

  • $ 167 million
  • $ 631 million
  • Operating Margins at 26.2%
  • $ 0.27

June 30, 2011

  • $50m
  • Gross Addition of 11,988 Employees (Net Addition of 3,576 employees)
  • High Utilisation rates maintained at 83.2% (excluding trainees)
  • 24 New Clients added

Chief Executive Officer and Managing Director, N Chandrasekaran said: He added:

S. Mahalingam, Chief Financial Officer and Executive Director, said He added:

USA Europe India Asia Pacific

Key Wins

  • Selected by a large US Insurance company as a strategic partner in their initiative to transform their entire personal lines.
  • Selected by a leading North American bank as strategic partner for providing end to end solutions for their wealth management portfolio.
  • Selected by a large North American bank as its business operations partner for providing BPO services for its mortgages and lending operations.
  • Middle East
  • TCS Bancs Corporate Actions was chosen by one of the largest Japanese banking groups for its US operations.
  • Selected by a leading global pharmaceutical company for quality assurance & process compliance services. 
  • North America
  • A multi-year, multi-million dollar deal with a leading US healthcare organization for IT & Assurance services for its care delivery and regional business applications portfolio.
  • Selected as a strategic partner for leading European apparel retailer for application development and testing services.
  • India

Innovation and Intellectual Property:

June 30, 2011

Human Resources :

The company continued to hire to support business growth. With campus trainees joining the company from the beginning of July-September quarter, lateral hiring accounted for 75% of total hiring in Q1. There was a total gross addition of 11,988 people (net addition of 3,576) taking the total employee strength of 202,190 on a consolidated basis.

Ajoy Mukherjee

Awards and Recognition

Hong Kong Europe Brussels China China Singapore Britain

About Tata Consultancy Services Ltd (TCS)

India $ 8.2 billion 31 March, 2011 India www.tcs.com

SOURCE Tata Consultancy Services

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