TCS declined 0.3% to Rs 2,513.80 at 9:30 IST on BSE after consolidated net profit rose 53.1% to Rs 5684 crore on 6% increase in revenue at Rs 25668 crore in Q1 June 2015 over Q4 March 2015.
The company announced Q1 results after trading hours yesterday, 9 July 2015.
Meanwhile, the S&P BSE Sensex was up 115.18 points or 0.42% at 27,693.50.
On BSE, so far 71,233 shares were traded in the counter as against average daily volume of 1 lakh shares in the past one quarter.
The large-cap IT services provider hit a high of Rs 2,562 and a low of Rs 2,492.70 so far during the day. The stock hit a record high of Rs 2,834 on 7 October 2014. The stock hit a 52-week low of Rs 2,336 on 10 July 2014.
TCS' operating income grew 76.5% to Rs 6724 crore in Q1 June 2015 over Q4 March 2015. The results were as per the International Financial Reporting Standards (IFRS)
During the quarter, TCS posted the incremental revenues of $136 million driven by strong growth across core markets led by North America, UK, Europe, MEA and Asia Pacific. Growth among industry segments was led by retail, life sciences, BFSI and telecom. Asset-leveraged solutions led the growth among service lines followed by infrastructure, assurance and BPS.
Commenting on the Q1 performance, CEO and MD, N Chandrasekaran said: "Demand from core markets like North America and greater traction for 'Digital' solutions in key verticals like Financial Services, Retail and Life-Sciences has driven volumes and growth in Q1. The significant investments in IP and platforms, digital capabilities and execution track record gives a firm foundation to capture growth in the current financial year."
Mr Chandrasekaran added: "Given the strong pipeline and market adoption of digital across industries, the company is investing to train over 100,000 professionals this year in all relevant technologies."
Rajesh Gopinathan, Chief Financial Officer, said: "The company's disciplined approach to all aspect of operations have helped maintain operating margins within stated range despite hedging volatility and the impact of annual cycle of salary hikes and promotions. The company continues to focus on optimizing cash conversion ratios and investing in people and technologies ahead of our business needs."
TCS has declared an interim dividend of Rs 5.50 per share for the year ended 31 March 2016 (FY 2016).
TCS has built and deployed a new Learning Platform to enable Digital training for 100,000 employees in this financial year. Immersive content has been created covering the entire gamut of Digital offerings. The new Digital Learning platform and allied infrastructure will enable 'anytime-anywhere learning in a cloud environment.
The total employee strength at the end of Q1 was 3.24 lakh on a consolidated basis with gross addition of 20,302 associates (net addition: 5,279 employees). The utilization rate (excluding trainees) was at an high of 86.3% and that including trainees was 82.9%. The attrition rate (LTM) was seasonally higher at 15.9% including BPS. The percentage of women in TCS rose to an all-time high of 33.5% while the number of nationalities increased to 124.
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