TCS result

on Thursday, July 10, reported net profit of ₹12,760 crore in first quarter of the current financial year, marking an upside of 6% from ₹12,040 crore in the same period last year. On a sequential basis, TCS' net profit advanced 4.38% from ₹12,224 crore. The profit numbers were better than HSBC estimates as analysts at HSBC were expecting the country's third largest company by market capitalisation to report net profit of ₹11,925 crore. Its revenue from operations advanced 1.3% to ₹63,437 crore as against ₹62,613 crore in the year-ago period. The company's revenue in constant currency terms, however, declined 3.1%. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.