TCS has reported record revenues for fiscal year 09 with operating profits rising 11.7 percent, up 2008 on the previous year. Net profit was up 10.1 percent at $1.12 billion.

Some of the drivers behind TCS’s growth include the addition of 163 new customer and new 26 sizeable contracts. The acquisition of Citigroup’s captive BPO also added significant new revenue streams.

Commenting on the results, S. Ramadorai, CEO and MD of TCS said, “In an unpredictable operating environment, TCS delivered healthy topline growth of 23% and crossed the $6 billion milestone in revenues. By focusing on operational efficiencies, collecting cash more efficiently and driving an enterprise-wide cost control program, we have improved our profit margins and continue to generate significant cash-flows. Even after the recent cash acquisition, we have cash of nearly Rs 43 billion.”

“In addition to total dividend of Rs 14 per share, I am delighted to announce the Board of Directors have recommended a 1:1 bonus share issue subject to approval by shareholders,” he said.