Mumbai [India]: Indian Information and Technology (IT) major Tata Consultancy Services (TCS) has reported consolidated net profit of Rs 13,420 crore, up by 4.7 per cent year-on-year, for the quarter ended June 30 this financial year.
The company had reported Rs 12,819 crore consolidated net profit a year-ago.
According to the financial data released today, the revenue from operations increased 13.9 per cent year-on-year to Rs 72,275 crore.
It was Rs 63,437 crore in the corresponding quarter last financial year. The IT firm reported its revenue increasing 2.2 per cent from Rs 70,698 crore in the March quarter.
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Tata's IT arm reported an increase of 5.7 per cent in profit before tax at Rs 17,944 crore from Rs 16,979 crore a year earlier. However, PBT was higher at Rs 18,362 crore in the preceding quarter.
TCS's profit for the period witnessed a decrease by 2.6 per cent from Rs 13,784 crore in the March quarter.
Investors were waiting TCS's June quarter (Q1FY27) results, with expectations pointing to a muted performance as macroeconomic uncertainty and cautious client spending continue to weigh on business.
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Management's outlook on global macroeconomic conditions and enterprise technology spending will also be in focus, as TCS is the first major Indian IT company to report June quarter earnings, with its commentary likely to set the tone for the rest of the sector's earnings season.
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