India's biggest software company Tata Consultancy Services (TCS) registered 29.93% increase in consolidated net profit, which stood at Rs 2,369.83 crore for the three month period ended December 2010, driven by sturdy demand for outsourcing services and stable charges.

TCS has also declared 200% dividend.

TCS had net profit of Rs 1,823.90 crore during the same period of 2009.

Income from operations surged to Rs 9,663.35 crore in the third quarter, up 26.34%, as compared to Rs 7,648.53 crore during the same period of 2009.

The company has appended 35 new customers during the said quarter.

TCS CEO and MD N Chandrasekaran stated, "Our ongoing performance has been the result of the sustained effort from all operating teams to focus on growth with profitability."

TCS said that it added up 20,219 people in the quarter, its maximum addition thus far, taking the overall staff to 1,86,914 at the end of the December.

Last week, Infosys Technologies, the country's second-biggest technology company, registered lower-than-projected 2.5% increase in net profit to Rs 1,780 crore for the third quarter ended December 2010.