Bengaluru: Tata Consultancy Services Quarterly profit was up 16.8%, well above Wednesday’s estimates, helped by bigger orders.
Consolidated net profit rose to 110.74 billion rupees ($1.35 billion) in the first quarter ended June 30, from 94.78 billion rupees in the year-ago period.
Analysts on average had expected a profit of Rs 109.04 billion, according to Refinitiv IBES data.
TCS It was the first among its competitors to report quarterly results, setting the tone for the $245 billion industry, which is facing a slowdown in key markets such as the United States and Europe.
Revenue from operations increased by 12.6% to Rs 593.81 billion.
TCS said its order book for the April-June period stood at $10.2 billion as against $8.2 billion a year ago.
Consolidated net profit rose to 110.74 billion rupees ($1.35 billion) in the first quarter ended June 30, from 94.78 billion rupees in the year-ago period.
Analysts on average had expected a profit of Rs 109.04 billion, according to Refinitiv IBES data.
TCS It was the first among its competitors to report quarterly results, setting the tone for the $245 billion industry, which is facing a slowdown in key markets such as the United States and Europe.
Revenue from operations increased by 12.6% to Rs 593.81 billion.
TCS said its order book for the April-June period stood at $10.2 billion as against $8.2 billion a year ago.