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.
PTI INFOGRAPHICS | TCS net profit rises 6 pc to Rs 12,760 crore in April-June READ: https://t.co/lhzCfd6bA7 https://t.co/L6Dh8SiPRZ
TCS revenue inches up 1.3 per cent to Rs 63,437 crore in June quarter
TCS says its net profit rises 6 per cent to Rs 12,760 crore in April-June. https://t.co/EnW4pHxVH3