TCL announces quarerly Dividend

Tata consultancy services (TCS) reported impressive returns today. It had managed to contain the effects of rising Rupee against US dollar by diversifying and improving efficiency. At a time when other software majors are struggling to reduce effects of rising rupee which risen more than 12percent in 2007.Net profit for the period ending October-December 2007-08 stood at Rs 1178.99 crores against Rs 950.53 crores in the same period last year. TCS CEO and Managing Director S. Ramadorai said "We are happy with our performance in this Quarter . We have crossed $4billion revenues in the first nine months, which gives us 41percent growth in dollar terms". The net profit rose by 18.86 percent this quarter

TCS announces a quarterly dividend of rs 3 per share