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TCS profit up 9%, FY25 will be better than FY24: CEO
The New Indian Express
|July 12, 2024
THE country's largest IT services company Tata Consultancy Services (TCS) on Thursday reported a 8.7% increase in its consolidated net profit for the June quarter at ₹12,040 crore, compared to ₹11,074 in the same quarter last year.
The company's revenue from operations for Q1 FY25 beat Street estimates and was at ₹62,613 crore, a 5.4% increase YoY compared to ₹59,381 crore. The IT firm's operating margin for the quarter stood at 24.7%, an expansion of 1.5% YoY.
In June quarter, the company's order book was at $8.3 billion, which is 18.6% lower compared to $10.2 billion total contract value (TCV) the company reported in the year-ago period.
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