TCS reported higher profits in third quarter after receiving orders from Deutsche Bank AG and Hilton Worldwide Inc.

Tata Consultancy Services Ltd, India's top exporter of software has expected a strong demand for outsourcing services and manages to add 35 new clients in Q3.

The company is expecting the same drive in near future also. Although macroeconomic conditions continue to be very dynamic but still customers are forecasting growth and are optimistic for the future, said by TCS chief executive N. Chandrasekaran.

TCS reported that financial figures in the third quarter of 2011 are much better than the figures in the same period previous year. During October- December quarter of 2011, net profit surged 30% to Rs 2,370 crore.

TCS provides computer services and back office support to clients and has improved net sales by 26% in the third quarter.

During December quarter, the level of outsourcing increased by 6%. Major clients are from US and Europe. North American companies have contributed 55%, U. K. has added 15% and continental Europe has contributed 8.9% to TCS revenue.

The company plans to hire 12,000-15,000 people in the fiscal fourth quarter ending March but during third quarter only company has added 20219 employees, making the employee utilization rate at 77% whereas workers left TCS at the rate of 14.4% in the third quarter.

TCS is surrounded by many other companies like GAIL (India), Petronet LNG, Cadila Healthcare, Bajaj Finserve, Container Corporation of India, Development Credit Bank, Exide Industries, Indiabulls Real Estate, Indiabulls Power, ING Vysya Bank, Mindtree, NIIT Technologies and Tata Elxsi who will declare their third quarter results on 18 Jan2011.