{"id":149073,"date":"2023-07-12T09:50:05","date_gmt":"2023-07-12T13:50:05","guid":{"rendered":"https:\/\/44.250.171.167\/?p=149073"},"modified":"2023-07-12T09:50:06","modified_gmt":"2023-07-12T13:50:06","slug":"tcs-q1fy24-net-profit-soared-by-17-while-revenue-surges-13","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/tcs-q1fy24-net-profit-soared-by-17-while-revenue-surges-13\/","title":{"rendered":"TCS Q1FY24 Net profit soared by 17% while revenue surges 13%"},"content":{"rendered":"\n<p>Tata Consultancy Services Ltd on Wednesday reported a bigger-than-expected rise in fourth-quarter profit as India\u2019s top IT exporter saw firm demand for digital services despite a challenging macroeconomic backdrop. Net profit up by 17% at INR 11,120 crores while revenue surges 13% to INR 59,381 crores. TCS has announced a final dividend of INR 9 per share.<\/p>\n\n\n\n<p>Commenting on the result, Mr K Krithivasan, Chief Executive Officer and Managing Director of TCS said: \u201c It is very satisfying to start the new fiscal year with a string of marquee deal wins. We remain confident in the longer-term demand for our services, driven by the emergence of newer technologies. We are investing early in building capabilities at scale on these new technologies, and in research and innovation, so we can maximize our participation in these opportunities&#8221;.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"944\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/d86afc06-35ee-46a9-b2c3-1d11e953c865-944x1024.png\" alt=\"\" class=\"wp-image-149074\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/d86afc06-35ee-46a9-b2c3-1d11e953c865-944x1024.png 944w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/d86afc06-35ee-46a9-b2c3-1d11e953c865-277x300.png 277w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/d86afc06-35ee-46a9-b2c3-1d11e953c865-768x833.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/d86afc06-35ee-46a9-b2c3-1d11e953c865-1417x1536.png 1417w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/d86afc06-35ee-46a9-b2c3-1d11e953c865-1889x2048.png 1889w\" sizes=\"auto, (max-width: 944px) 100vw, 944px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Tata Consultancy Services Ltd on Wednesday reported a bigger-than-expected rise in fourth-quarter profit as India\u2019s top IT exporter saw firm demand for digital services despite a challenging macroeconomic backdrop. Net profit up by 17% at INR 11,120 crores while revenue surges 13% to INR 59,381 crores. TCS has announced a final dividend of INR 9 [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":149074,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,8],"tags":[8606,9007,9124],"class_list":["post-149073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-technology-stocks","tag-cloud-services","tag-information-technology-services","tag-software-technology-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/d86afc06-35ee-46a9-b2c3-1d11e953c865.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":143638,"url":"https:\/\/alphastreet.com\/india\/tcs-q4fy23-net-profit-soared-by-15-while-revenue-surges-17\/","url_meta":{"origin":149073,"position":0},"title":"TCS Q4FY23 Net profit soared by 15% while revenue surges 17%","author":"Chirag Gupta","date":"April 12, 2023","format":false,"excerpt":"Tata Consultancy Services Ltd on Wednesday reported a bigger-than-expected rise in fourth-quarter profit as India's top IT exporter saw firm demand for digital services despite a challenging macroeconomic backdrop. Net profit up by 14.8% at INR 11,392 crores while revenue surges 16.9% to INR 59,162 crores. TCS has announced a\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/d37861fc-b651-418a-beb5-585046f7beb8.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/d37861fc-b651-418a-beb5-585046f7beb8.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/d37861fc-b651-418a-beb5-585046f7beb8.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/d37861fc-b651-418a-beb5-585046f7beb8.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/d37861fc-b651-418a-beb5-585046f7beb8.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/d37861fc-b651-418a-beb5-585046f7beb8.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":124144,"url":"https:\/\/alphastreet.com\/india\/earnings-tcs-q1-profit-climbs-30-but-falls-short-of-expectations\/","url_meta":{"origin":149073,"position":1},"title":"Earnings: TCS Q1 profit climbs 30% but falls short of expectations","author":"Staff Correspondent","date":"July 8, 2021","format":false,"excerpt":"Information technology giant Tata Consultancy Services (NSE: TCS) Thursday reported double-digit growth in first-quarter revenues and net profit, reflecting the stable demand conditions. However, earnings missed estimates. Revenues of the Mumbai-headquartered tech firm climbed 18% year-over-year to INR 45,411 crore in the first quarter. Consequently, net income advanced to INR\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"TCS Q1 FY22 Earnings","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/TCS-Q1-FY22-Earnings.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/TCS-Q1-FY22-Earnings.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/TCS-Q1-FY22-Earnings.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/TCS-Q1-FY22-Earnings.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/TCS-Q1-FY22-Earnings.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":138543,"url":"https:\/\/alphastreet.com\/india\/tcs-delivers-strong-q3-rev-crosses-7-bn-propelled-by-cloud-demand-and-market-share-gains\/","url_meta":{"origin":149073,"position":2},"title":"TCS Delivers Strong Q3; Revenue crosses $7 bn propelled by cloud demand and market share gains","author":"Chirag Gupta","date":"January 9, 2023","format":false,"excerpt":"Tata Consultancy Services (TCS) on January 9 reported a 10.98 percent increase in its consolidated net profit at INR10,883 crore for the quarter ended December 2022 (Q3FY23). The company had posted a profit of INR 9,806 crore in the year-ago period. The consolidated revenue from operations came in at INR\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":124959,"url":"https:\/\/alphastreet.com\/india\/infographic-all-you-need-to-know-about-tcs-q2-performance\/","url_meta":{"origin":149073,"position":3},"title":"Infographic: All you need to know about TCS Q2 performance","author":"Nishadkishore","date":"October 11, 2021","format":false,"excerpt":"Information technology giant TCS reported its second-quarter 2022 financial results after the regular market hours on Friday. Total net revenue increased 4% year-over-year to INR \u00a0469\u00a0billion. The company enjoyed a net profit of INR 96.2 billion registering a 14.1% growth, driven by broad-based demand and resilient margins. Management guided that\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Tata-Consultancy-Services-Q222-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Tata-Consultancy-Services-Q222-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Tata-Consultancy-Services-Q222-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Tata-Consultancy-Services-Q222-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Tata-Consultancy-Services-Q222-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":126232,"url":"https:\/\/alphastreet.com\/india\/infographic-all-you-need-to-know-about-tcs-q3-performance\/","url_meta":{"origin":149073,"position":4},"title":"Infographic: All you need to know about TCS Q3 performance","author":"Nishad","date":"January 12, 2022","format":false,"excerpt":"Information technology giant Tata Consultancy Services\u00a0(NSE: TCS) reported its third-quarter 2022 financial results after the regular market hours on Wednesday. Total net revenue increased 17% year-over-year to \u20b950,090 crores. The company enjoyed a net profit of \u20b99,806 crores or \u20b926.41 per share compared to \u20b98,727 crores or \u20b92.19 per share\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Tata-Consultancy-Services-Q322.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Tata-Consultancy-Services-Q322.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Tata-Consultancy-Services-Q322.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Tata-Consultancy-Services-Q322.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Tata-Consultancy-Services-Q322.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":128431,"url":"https:\/\/alphastreet.com\/india\/infographic-all-you-need-to-know-about-tcs-q4-performance\/","url_meta":{"origin":149073,"position":5},"title":"Infographic: All you need to know about TCS Q4 performance","author":"Nishad","date":"April 11, 2022","format":false,"excerpt":"Information technology giant Tata Consultancy Services\u00a0(NSE: TCS)\u00a0reported its fourth-quarter 2022 financial results after the regular market hours on Monday. Total consolidated revenue increased 17% year-over-year to \u20b91,95,772 crores. The company enjoyed a consolidated net profit of \u20b93,8354 crores or \u20b9103.62 per share compared to \u20b933,023 crores or\u00a0\u20b986.71 per share in\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/Tata-Consultancy-Services-Q422.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/Tata-Consultancy-Services-Q422.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/Tata-Consultancy-Services-Q422.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/Tata-Consultancy-Services-Q422.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/Tata-Consultancy-Services-Q422.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/149073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=149073"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/149073\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/149074"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=149073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=149073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=149073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}