Tuesday, July 10, 2018

TCS posts robust numbers in Q1

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TCS has reported a 23.46 per cent year-on-year growth in consolidated profit for June quarter at Rs 7,340 crore. 

The company had posted Rs 5,945 crore profit for the same quarter a year ago. On a sequential basis, profit grew by 6.31 per cent. 

Revenue for the quarter rose around 16 per cent to Rs 34,261 crore as against  Rs 29,584 crore reported for the year-ago period. 

The stock closed at Rs 1876, down Rs 7 in today's trade. Results were announced after market hours.

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