 "Tata Consultancy Services (TCS)")
Software services heavyweight Tata Consultancy Services on Thursday reported 28.5% rise in consolidated net profit for June quarter at Rs 9,008 crore, powered by higher demand from businesses ramping up digital services during the Covid crisis. It was Rs 7,008 crore in the year-ago period. However, the company fell short of the estimates.
Analysts had estimated up to 36% YoY rise in net profit.
Consolidated revenue rose 18% to Rs 45,411 crore from Rs 38,322 crore in June 2020.
The company also announced interim dividend of Rs 7 per share. The company's workforce crossed the 500,000-mark at 509,058 with
