Tata Consultancy Services Ltd (TCS) has announced that a meeting of the Board of Directors of the Company will be held on January 15, 2010, inter alia, to approve and take on record the audited financial results of the Company for the quarter and nine months ended December 31, 2009 and to consider declaration of a Third Interim Dividend, to the equity shareholders.
Key Highlights:

• On a sequential (quarter-on-quarter or QoQ) basis, TCS' net profit jumped 11.1 per cent while its revenue jumped 2.9 per cent
• revenue was up 10.3 per cent YoY and 6.3 per cent QoQ while its net profit rose by 38.9 per cent YoY and 14.2 per cent QoQ.
• The utilisation rate improved to 81.1 per cent (excluding trainees) and 77.2 per cent (including trainees)
• The attrition rate in Q3 was at 11.5 per cent with attrition in IT services at 10.8 per cent and BPO at 18.3 per cent.
• TCS signed 10 "significant" deals this quarter of which 7 were from North America, signalling a recovery