टीसीएस का शुद्ध लाभ पहली तिमाही में 8.7 प्रतिशत बढ़कर 12,040 करोड़ रुपये हुआ; सीईओ ने कहा कि नए वित्त वर्ष की शुरुआत मजबूत रही।

टीसीएस का शुद्ध लाभ पहली तिमाही में 8.7 प्रतिशत बढ़कर 12,040 करोड़ रुपये हुआ; सीईओ ने कहा कि नए वित्त वर्ष की शुरुआत मजबूत रही।

TCS net profit rises 8.7 pc to Rs 12,040 crore in Q1; CEO says strong start to new fiscal.

Tata Consultancy Services (TCS), India's largest IT services company, reported an 8.7% year-on-year increase in net profit to Rs 12,040 crore for Q1 FY2024, alongside a 5.4% revenue growth to Rs 62,613 crore.

  • Business
  • 83
  • 11, Jul, 2024
Jyoti Ahlawat
Jyoti Ahlawat
  • @JyotiAhlawat

TCS net profit rises 8.7 pc to Rs 12,040 crore in Q1; CEO says strong start to new fiscal.

India’s largest IT services company, Tata Consultancy Services (TCS), reported an 8.7% year-on-year increase in its consolidated net profit, reaching Rs 12,040 crore for the first quarter ending June 2024. This compares to a net profit of Rs 11,074 crore in the same period last year.

TCS, which competes with IT services firms such as Infosys, Wipro, and HCLTech, also saw a 5.4% rise in revenue, amounting to Rs 62,613 crore for the recent quarter. However, sequentially, the net profit declined by 3.1% compared to the March quarter. "I am pleased to report a strong start to the new fiscal year with all-round growth across industries and markets," said K Krithivasan, Chief Executive Officer and Managing Director of TCS, in a release.

Krithivasan highlighted the company's ongoing efforts to expand client relationships, develop new capabilities in emerging technologies, and invest in innovation. This includes a new AI-focused TCS PacePort in France, an IoT lab in the US, and expanding delivery centers in Latin America, Canada, and Europe. Chief Financial Officer Samir Seksaria noted that despite the usual impact of annual wage increments this quarter, TCS delivered strong operating margin performance, showcasing its commitment to operational excellence.

Milind Lakkad, Chief HR Officer, added, "I am delighted to announce the successful completion of our annual increment process. Our continued focus on employee engagement and development has led to industry-leading retention and strong business performance, with net headcount addition being a matter of immense satisfaction."

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Jyoti Ahlawat

Jyoti Ahlawat

  • @JyotiAhlawat