Company’s numbers in terms of Indian GAAP:
Net profit in Q3, 2008:____________________Rs. 1,362 crore
Net Profit in Q3, 2007:____________________Rs 1,327 crore
Net profit increase (YOY):________________Rs 41.53 crore
Growth (YOY):______________2.68 %
Revenue for Q3, 2008:_____________________Rs 7,277 crore
Revenue for Q3, 2007:_____________________Rs 5,923 crore
Growth (YOY):__________________________24.13 %
Company’s numbers in terms of US GAAP:
Revenue for Q3 2008:_____________________$1,483 billion
Growth(y-o-y):__________________________Flat or no growth
But as compared to the previous quarter the revenues fell down.
Decline (QoQ):_________________________5.8 %
Net income for Q3, 2008:________________ $276 million
Decline(YoY):_________________________ 18%
Decline(QOQ):________________________ 3.5%
Reason: TCS primarily deals with other currencies like the Euro, British pound —both of which fell against the US dollar. Hence the earnings decreased. IT companies earn in dollars and spend in rupees.
Forex loss for the company for Q3, 2008:___________________Rs 251 crore
So the picture for TCS is of a Slowed growth.
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Net profit in Q3, 2008:____________________Rs. 1,362 crore
Net Profit in Q3, 2007:____________________Rs 1,327 crore
Net profit increase (YOY):________________Rs 41.53 crore
Growth (YOY):______________2.68 %
Revenue for Q3, 2008:_____________________Rs 7,277 crore
Revenue for Q3, 2007:_____________________Rs 5,923 crore
Growth (YOY):__________________________24.13 %
Company’s numbers in terms of US GAAP:
Revenue for Q3 2008:_____________________$1,483 billion
Growth(y-o-y):__________________________Flat or no growth
But as compared to the previous quarter the revenues fell down.
Decline (QoQ):_________________________5.8 %
Net income for Q3, 2008:________________ $276 million
Decline(YoY):_________________________ 18%
Decline(QOQ):________________________ 3.5%
Reason: TCS primarily deals with other currencies like the Euro, British pound —both of which fell against the US dollar. Hence the earnings decreased. IT companies earn in dollars and spend in rupees.
Forex loss for the company for Q3, 2008:___________________Rs 251 crore
So the picture for TCS is of a Slowed growth.