TCS profit rises 33.6 percent in 2012-13

TCS profit rises 33.6 percent in 2012-13Mumbai, April 17 : Tata Consultancy Services (TCS), the country's largest software exporter, Wednesday said its net profit increased 33.6 percent to Rs. 13,917 crore for the financial year ended March 31.

The company's annual revenue jumped 28.8 percent to Rs. 62,989 crore.

TCS posted a net profit of Rs. 3,597 crore for January-March quarter. The company had reported Rs. 3,551.8 crore profit in the previous quarter.

Reacting on the numbers chief executive and managing director of TCS N. Chandrasekaran said the company was hopeful of registering similar growth in 2013-14 also.

"We remain confident that 2013-14 will bring greater opportunities as technology plays an increasing role in reimagining business globally," he said.

"We continue to identify new growth engines and are investing ahead of the curve in products, platforms and intellectual property that is of great relevance to our customers and their business growth," Chandrasekaran said in a statement. (IANS)