New Delhi: The country’s largest software exporter Tata Consultancy Services (TCS) on Thursday reported a 28.5 per cent rise in its consolidated net profit for the first quarter (Q1) ended June 2021, driven by higher demand from businesses accelerating digital services during the COVID-19 crisis .
TCS reported a net profit of Rs 9,008 crore in the period under consideration as against a profit of Rs 7,008 crore in the first quarter of the previous fiscal.
On a quarter-on-quarter basis, the IT major’s profit fell 2.5 per cent from Rs 9,246 crore posted in the March quarter.
The company’s consolidated revenue from operations also grew 18.5 per cent to Rs 45,411 crore.
Shares of TCS closed 0.56 per cent lower at Rs 3,257.1 on the BSE, while it ended 0.67 per cent lower at Rs 3,253 on the NSE.
TCS reported a net profit of Rs 9,008 crore in the period under consideration as against a profit of Rs 7,008 crore in the first quarter of the previous fiscal.
On a quarter-on-quarter basis, the IT major’s profit fell 2.5 per cent from Rs 9,246 crore posted in the March quarter.
The company’s consolidated revenue from operations also grew 18.5 per cent to Rs 45,411 crore.
Shares of TCS closed 0.56 per cent lower at Rs 3,257.1 on the BSE, while it ended 0.67 per cent lower at Rs 3,253 on the NSE.
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