 "Rajesh Gopinathan, CEO & MD, TCS")
Market leader Tata Consultancy Services (TCS) has performed steadily in the first quarter of 2019-20 by sustaining double-digit growth.
However, the company’s revenue in dollar terms missed the street estimates while a stronger rupee ate into its operating margins.
TCS on Tuesday announced it posted a net profit of Rs 8,131 crore, a 10.8 per cent rise over the corresponding period of the previous financial year.
Sequentially, the rise was marginal. During the April-June period, the Mumbai-based firm reported an 11.4 per cent rise in revenue at Rs 38,172 crore on a year-on-year (YoY) basis while it was 0.4 per cent
