TCS Net Profit For Q1Fy23 At Rs. 9748 Crore, Dividend Of Rs. 8/ Share Declared

TCS today posted net profit of Rs. 9478 crore, up 5.2% YoY for the first quarter of the Fy23 fiscal. In the same period last year, the profit after tax stood at Rs. 9008 crore.

TCS Net Profit For Q1Fy23 At Rs. 9748 Crore, Dividend Of Rs. 8/ Share Declared

The revenues inched higher by 16.2% YoY to Rs. 52,758 crore for the review period.

The company also at the same time around the first interim dividend for the Fy23 of Rs. 8 per share.
Ahead of the results, TCS shares closed the trading session at Rs. 3266 per share on the NSE.

We are starting the new fiscal year on a strong note, with all-round growth and strong deal wins across all our segments. Pipeline velocity and deal closures continue to be strong, but we remain vigilant given the macro-level uncertainties. Our new organization structure has settled in nicely, getting us closer to our clients and making us nimbler in a dynamic environment. Looking ahead, we remain confident in the resilience of technology spending and the secular tailwinds driving our growth.," Chief Executive Officer and Managing Director Rajesh Gopinathan said.

The company also during the period delivered some of the transformation programs iterated the company's COO.

The company alongside declaring its results informed that attrition at the IT major has jumped 19.7% in the last 12 months. And in the June quarter, the company has added 14,136 in the June ended quarter.

GoodReturns.in