Tata Consultancy Services has reported a 9.9 per cent rise in consolidated net profit to Rs 6,317 crore (Rs 63.17 billion) for the first quarter ended June 30, 2016-17.
The company had posted net profit of Rs 5,747 crore (Rs 57.47 billion) in the April- June period of the 2015-16 fiscal, the company said.
TCS CEO and Managing Director, N Chandrasekaran said strong execution and accelerating customer adoption of cloud, big data and analytics has driven broad-based growth across key markets and industries, PTI has reported.
"Our investments in platforms are gaining significant traction as customers look to boost business agility and enhance their time-to-market to gain a competitive edge," he said.
The shares of Tata Consultancy Services last ended at Rs 2521 On the BSE, up 1.2 per cent.Analysts expect the stock to react positively in trade on Friday. Another bigwig Infosys is set to also report its results later on Friday in early morning, though it has warned on margins.