Tata Consultancy Services Ltd Q1FY24; 17% rise in Profits

Tata Consultancy Services is the flagship company and a part of Tata group. It is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions.

Financial Results:

Tata Consultancy Services Ltd reported Revenues for Q1FY24 of ₹59,381.00 Crores up from ₹52,758.00 Crore year on year, a rise of 12.55%.

Total Expenses for Q1FY24 of ₹45,789.00 Crores up from ₹40,771.00 Crores year on year, a rise of 12.31%.

Consolidated Net Profit of ₹11,120.00 Crores up 16.82% from ₹9,519.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹30.26, up 16.83% from ₹25.90 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.