Jaipur, July 11, 2024.
India’s largest IT services company Tata Consultancy Services (TCS) on Thursday posted an 8.7 per cent year-on-year rise in its consolidated net profit at Rs 12,040 crore in the first quarter ended June 2024.
The net profit for the year-ago period stood at Rs 11,074 crore.
Sequentially, however, the net profit fell 3.1 per cent compared to March quarter. “I am pleased to report a strong start to the new fiscal year with all-round growth across industries and markets,” K Krithivasan, Chief Executive Officer and Managing Director of TCS, said in a release.