Home / Companies / Results / TCS Q1 results: Net profit rises 28.5% to Rs 9,008 cr, misses estimates

TCS Q1 results: Net profit rises 28.5% to Rs 9,008 cr, misses estimates

Consolidated revenue rose 18% to Rs 45,411 crore from Rs 38,322 crore in June 2020

Premium

TCS declares interim dividend of Rs 7 per share

3 min read Last Updated : Jul 08 2021 | 7:42 PM IST

Software services heavyweight Tata Consultancy Services on Thursday reported 28.5% rise in consolidated net profit for June quarter at Rs 9,008 crore, powered by higher demand from businesses ramping up digital services during the Covid crisis. It was Rs 7,008 crore in the year-ago period. However, the company fell short of the estimates.

Analysts had estimated up to 36% YoY rise in net profit.

Consolidated revenue rose 18% to Rs 45,411 crore from Rs 38,322 crore in June 2020.

The company also announced interim dividend of Rs 7 per share. The company's workforce crossed the 500,000-mark at 509,058 with

Topics : TCS Tata Consultancy Services

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in