TCS Q1 Results: IT Company’s Profit Jumps 28.5 Percent

TCS Q1 Results: IT company’s profit jumps 28.5 percent in the first quarter, operating income also increased.

In the first quarter of the current financial year, the consolidated net profit of the country’s leading IT company Tata Consultancy Services (TCS) jumped 28.5 percent to Rs 9,008 crore.

The company’s largest software services company had posted a consolidated net profit of Rs 7,008 crore in the same quarter of the previous fiscal.

The company’s income from operations also increased by 18.5 percent to Rs 45,411 crore. In the first quarter of the financial year 2020-21, the company had income from operations of Rs 38,322 crore.

TCS Q1 Results: TCS workforce has crossed five lakhs.

With this, the number of the company’s workforce also crossed five lakhs. The company’s total workforce has reached 5,09,058. The company added a record 20,409 employees in the quarter under review.

Rajesh Gopinathan, Chief Executive Officer and Managing Director, TCS said that the employees of the company have displayed excellent behavior by helping each other.

Not only this, he has done meaningful work for society and has provided service to the clients with full dedication.

“It is against this backdrop that our North America business, BFSI, and retail have all shown great growth. This reflects the flexibility in our work, the relevance of our services, and above all the passion and dedication of our associates,” he said in a statement.”

He said that the company is monitoring the situation ahead and looking forward to opportunities in core markets and verticals given the variants of the virus and a possible third wave.

Sameer Seksaria, Chief Financial Officer, TCS said, “We have crossed the $6 billion mark in earnings this quarter.

With annual increments and promotions, we have run the biggest vaccination drive in the private sector.