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TCS Q2 Profits up 15.41% QoQ beats CLSA expectations

October 16, 2006

Tata Consultancy Services, profits for the second quarter ended Sept-30-2006 was at Rs1,019 crores, up 15.4% QoQ and 42.4% YoY. Half yearly profits is at Rs1,728 crores. TCS has beaten the CLSA expectations of Rs911.6 crores profit for Q2.

Revenues for the second quarter was just short of $1 Billion at $978 Million or Rs4,495 crores.

TCS Half Yearly EPS is at 17.66 non annualised.

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