Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions firm reported its consolidated financial results according to Indian GAAP for the quarter and financial year ended March 31, 2011.

TCS said its revenues for Q4FY’11 rose 31.26 per cent to Rs 10,157 crore compared to Rs 7,738 crore on a year-on-year basis. The firm posted a 31.08 per cent rise in net profit at Rs 2,623 crore as against Rs 2,001 crore in the same period of last fiscal. On a quarter-on-quarter basis, it posted an 11 per cent jump in its fourth quarter net profit on the back of rising demand for outsourcing services from western clients.

TCS MD & CEO, N Chandrasekaran, said the company had seen an “all-round performance” in all the major verticals, including banking, financial services and insurances (BFSI), retail, energy & utilities, pharma & life sciences, and travel & hospitality. The firm’s full FY’11 revenue was up 24 per cent at Rs 37,325 crore compared with Rs 30,029 crore last year. FY’11 net profit went up 30 per cent to Rs 9,068 crore as compared with Rs 7000.6 crore last year.