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Monday, April 20, 2009

1:1 Bonus : TCS

veer on Monday, April 20, 2009 |

In an press conference the TCS management said that the board had approved a 1:1 bonus issue subject to shareholder approval. It pegs the company’s Q4 EPS at Rs 13.54 and said it would pay Rs 5 per share as final dividend. The company's FY09 Indian GAAP consolidated net profit was up 4.5% at Rs 5256.4 crore versus Rs 5026 crore. Indian GAAP consolidated net sales were up 21.6% at Rs 27812.9 crore versus Rs 22863.4 crore.

The management said it has closed seven large deals in January-March and added 163 new clients in FY09. The company has reduced their outstanding debtor days by 12 days

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