TCS reports 10.8% rise in Q1 net profit at Rs 8,131; revenue grows 11.4%

Operating margin came in at 24.2 per cent for the reporting quarter impacted by rupee gains and the higher wage bills

Largest software exporter TCS Tuesday reported a 10.8 per cent rise in June quarter net at Rs 8,131 crore and said focus will be on maintaining double-digit revenue growth in the rest of the year.
 

The Tata Group cash machine reported a revenue growth of 11.4 per cent to Rs 38,172 crore during the quarter, which on a constant currency basis clipped at 10.6 per cent.

Bottomline has been hit a tad due to currency appreciation, and Tata Consultancy Services (TCS) said without quantifying it and termed currency depreciation as "intrinsic" to its business model and pointed out that future currency