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Jul 10, 10:44 AM
TCS Profit Climbs 6% to Rs 12,760 Crore as Tech Spending Recovers
India
Company Earnings
Business
Tech
World

TCS Profit Climbs 6% to Rs 12,760 Crore as Tech Spending Recovers

Authors
  • Bloomberg
  • Press Trust of India
  • Moneycontrol
4

Tata Consultancy Services opened India’s corporate earnings season with stronger-than-expected first-quarter results, reporting a 6% rise in net profit to Rs 12,760 crore for the three months ended June. Revenue edged up 1.3% to Rs 63,437 crore, defying concerns of a deeper slowdown in global technology spending. Management said the performance reflects early signs of renewed demand from international clients, helping the company stay within reach of its medium-term operating-margin target of 26%-28%. The figures come ahead of planned wage increases and will be closely watched by investors seeking clues on the health of India’s $245-billion IT services sector.

Written with ChatGPT .

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