SME Times is powered by   
Search News
Just in:   • Telcos with 4G network will have to invest less for 5G services: TRAI  • NITI urges banks to pass on RBI rate cut benefits  • Forex reserves rises by $150 mn to $398 bn  • Microsoft workers ask Nadella to scrap US Army HoloLens contract  • Qlik to acquire Attunity for nearly $560 mn 
Last updated: 11 Jul, 2018  

TCS.9.Thmb.jpg TCS net up 23.5%, revenue up 15.8% in Q1

TCS.9.Thmb.jpg
   Top Stories
» NITI urges banks to pass on RBI rate cut benefits
» Forex reserves rises by $150 mn to $398 bn
» 'Despite Brexit, EU to remain India's largest trading partner'
» India-Ethiopia innovation, science-tech program launched
» Prabhu dedicates 1000 cr worth projects to nation
SME Times News Bureau | 11 Jul, 2018
Global software major Tata Consultancy Services (TCS) on Tuesday reported Rs 7,340 crore consolidated net profit for the first quarter of 2018-19, registering 23.5 per cent annual and 6.3 per cent sequential growth.

In a regulatory filing on the BSE, the city-based IT firm said consolidated revenue for the quarter (Q1) under review grew 15.8 per cent annually and 6.8 per cent quarterly to Rs 34,261 crore.

Under the International Financial Reporting Standard, net income grew 17.2 per cent year-on-year to $1.1 billion and revenue 10 per cent to $5.1 billion for the first quarter.

"Revenue from North America market grew highest in the last 12 quarters or three years by 7 per cent annually and 3.7 per cent quarterly on recover from banking, financial services and insurance (BFSI) and retail," said TCS in a statement here.

Operating margin remained flat at 25 per cent as in the previous quarter (25.4 per cent).

"Digital business contributed 25 per cent to the overall revenue and grew a whopping 44.8 per cent YoY," it added.

The company added 2 new clients in $100 million billing rate and 13 clients in $5 million band sequentially.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 23 Feb, 2019
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(1)
» RCom stock up 10% as company reaches agreement with lenders(1)
» Poor digitization in logistics hurting MSMEs: Shyplite co-founder(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter