TCS Q1 Results Highlights: CEO K Krithivasan said the company delivered a strong order book, including an AI-led transformation deal with SKF, while COO Aarthi Subramanian said the company won multiple AI-led transformation deals. CFO Samir Seksaria said TCS rolled out annual wage hikes globally during the quarter.
TCS Q1 Results Highlights: Tata Group giant and India’s largest IT services company, Tata Consultancy Services, reported a June-quarter net profit of ₹13,349 crore, down 2.7% sequentially and below the CNBC-TV18 poll estimate of ₹13,461 crore. Revenue rose 2.2% quarter-on-quarter to ₹72,275 crore, beating the poll estimate of ₹71,847 crore, while dollar revenue came in at $7.62 billion, marginally ahead of estimates.EBIT stood at ₹17,317 crore, with the EBIT margin declining to 24% from 25.3% in the March quarter and coming in slightly below the CNBC-TV18 poll of 24.15%. Constant currency revenue growth was 0.4%, ahead of the expected 0.15%. The board declared an interim dividend of ₹12 per share. TCS also reported a total contract value (TCV) of $9.5 billion for the quarter.
CEO K Krithivasan said the company delivered a strong order book, including an AI-led transformation deal with SKF, while COO Aarthi Subramanian said the company won multiple AI-led transformation deals. CFO Samir Seksaria said TCS rolled out annual wage hikes globally during the quarter.
