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TCS Q1 Net Profit up 2.1 Per cent, Beats Estimates
Tata Consultancy Services, the leading IT services, consulting and business solutions firm reported 2.01 per cent rise in net profit at Rs 5,684 crore for the quarter ended June, 2015.
The company's net profit was up 53.1 per cent quarter on quarter(Q-O-Q) and 2.1 per cent on year on year(Y-O-Y)
Strong uptick seen in ‘Digital' engagements across key verticals, the company's revenue was seen Rs 25,668 crore up 6.0 per cent quarter on quarter; up 16.1 per cent year on year, the company said in the press release.
The company's Earnings Per Share stood at Rs 29.02
Commenting on the performance, TCS CEO and Managing Director N Chandrasekaran said demand from core markets like North America and greater traction for 'digital' solutions in key verticals like financial services, retail and life sciences has driven volumes and growth in the first quarter.
The company announced an interim dividend of Rs 5.50 per equity share of Re 1 each of the company. The company added 20,302 employees during the quarter.
Recently, Tata Consultancy Services announced that it will give out one-time bonus to employees that will be cost it Rs 2,628 crore.
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