The company had posted a profit of Rs 3,512 crore in the same period in 2012. Total revenue grew 34.3 percent to Rs 20,977.24 crore in the second quarter ended September 30 from Rs 15,620.75 crore in the corresponding quarter last fiscal. These numbers are according to IFRS (International Financial Reporting Standards).

"It has been an excellent quarter for us, volumes going by 2.7 percent sequentially and the operating margins at 340 basis point sequentially. The growth has come from all our markets. All our industries and service segments have delivered growth," TCS CEO and MD N Chandrasekaran told reporters in Mumbai.

Margins improved by over 300 basis points due to rupee depreciation, he said, adding the execution has been exemplary both in terms of realization of margins and net income. The volume growth stood at 7.3 percent during the quarter under review, the highest-ever in the last nine quarters. Operating profits crossed billion dollars mark at USD 1,007 million (Rs 6,330 crore), the company said.

TCS continues to see a robust demand pipeline across markets and a unique opportunity to strategically partner and participate with clients as they re-imagine their future in multiple dimensions, Chandrasekaran said. He said deals have been clinched across multiple sectors and across continents. The company added three new USD 100-million clients during the reporting quarter, taking the number of USD 100 plus clients to 22.

The company has added 30 new customers in the one-million band, he said. Earlier on Tuesday, TCS shares rose to 52-week high of Rs 2,258 in anticipation of robust earnings, but ended the day flat at Rs 2,218 apiece. TCS earning figures came after close of market hours.

"We have a good demand. So, we are looking at hiring numbers and the target for this year may be slightly revised upward," Chandrasekaran said. He, however, did not give details. The IT major, part of salt-to-software Tata Group, signed eight large deals, including two each in BFSI and telecom segments, during the quarter under review, TCS chief financial officer Rajesh Gopinathan said.

In dollar terms, consolidated profit grew by 16.4 percent year-on-year to USD 748 million. Revenues jumped by 17 percent to USD 3.34 billion. The company saw 7,664 employees joining during the period under review, taking the total headcount to 2,85,250. He said the employee utilization, excluding trainees, went up by 75 basis points in the quarter to 83.4 percent.

Chandrasekaran said the attrition rate in the company's IT segment during the quarter stood at 9.9 percent, while overall it was at 10.9 percent. On the visa issue, TCS Executive vice-president and global head for HR Ajay Mukherjee said the company is focusing on HI visa.


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