TCS Software Development India Firm Consolidated Net Zooms for Q1

Tata Consultancy Services – India Software Development Company posted its 1st quarter gain / profit after tax of more than rupees seven thousand nine hundred sixty million, as compared to 5,788.60 million rupees for the same period during previous year. If one can see the total income increased to Rupees 34659 million from Rupees near about 22,763.19 million during the last year’s same quarter. The Software Development India Group's 1st quarter net profit roses to rupees more than 8826.55 million after some minority interest and share of profit of their associates from 6306.20 million rupees for the one year before corresponding quarter. Total income grew for Software Development India firm is Rupees 42,581.90 million that is increased from Rupees 27210.20 million in the same quarter of year prior to this.

The BOD for Tata Consultancy Services Software Development India Company that had met on fifteen of July year 2005 has already approved the amalgamation of 3 unlisted wholly-owned branches cum subsidiaries with the organization.

TCS, India Software Development released one issue and according to it, the 3 subsidiaries for this plan are TCS Business Transformation Solutions, Airline Financial Support Services India and Aviation Software Development India Consultancy.

At the end of half-year that is during thirty September, 2004, the total revenue rose more than 31 % to Rupees 362.57 Crore as compared with 273.83 crore Rupees in previous year to that period. The PBT - profit before tax increased more than 25 % to 39.11 crore rupees from 30.96 crore rupees.

The Software Development India group and the global systems integration firm have already reported thirty three per cent increase for its total revenues during the 2nd quarter that was ended during September 30 year 2004 to Rs 188.62 crore rupees as compared to 142.08 crore rupees in the previous year’s corresponding quarter.

Since the Software Development India organizations are subsidiaries of wholly-owned, so with amalgamation no new shares will be issued. With the figures of the comparative there are not comparable for the 1st quarter in Software Development business, as they don’t include the results of their subsidiaries Infotech, TCS Business Transformation Solutions Airline Financial Support Services, and Aviation Software Development India Consultancy that were amalgamated with the organization itself. Further the Software Development India firm informed that there is declaration of interim dividend of 3 rupees per equity share for the 2006 fiscal year by board.