Tata Consultancy Services (TCS) on Thursday reported Rs.6,317 crore net profit for first quarter of fiscal 2016-17, registering 9.9 per cent growth year-on-year.
In a regulatory filing to BSE, the global software major said revenue for the quarter under review increased 14.2 per cent to Rs.29,305 crore, as per the Indian accounting standard, while under the International Financial Reporting Standard (IFRS), net income grew 4.7 per cent to $940 million and revenue 8.1 per cent YoY to $4,362 million ($4.4 billion).
"Volume growth was 3.4 per cent, while operating income at Rs.7,347 crore was 8.9 per cent up and operating margin was 25.1 per cent" said the IT major.
--IANS
fb/vd
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app