Tata Consultancy Services Q1 revenue up 28.5% to Rs 9,008 crore

IT main TCS on Thursday posted a 28.5 per cent enhance in consolidated web revenue at Rs 9,008 crore for the primary quarter ended June 30, 2021.
The nation’s greatest software program companies agency had posted a consolidated revenue of Rs 7,008 crore in the identical quarter a 12 months in the past.
Consolidated income from operations elevated by 18.5 per cent to Rs 45,411 crore in comparison with Rs 38,322 crore within the corresponding quarter of 2020-21.
The firm’s workforce crossed the 5 lakh-mark at 5,09,058 with the highest-ever quarterly web addition of 20,409 individuals.
TCS Chief Executive Officer and Managing Director Rajesh Gopinathan stated the agency’s staff have demonstrated phenomenal character in serving to one another, being significant to the communities and delivering on commitments to purchasers.
“On that backdrop, our business in North America, BFSI and Retail all showed an appreciable growth which underlines the resilience of our operating model, relevance of our offerings and above all, the passion and dedication of our associates,” he stated in an announcement.
He added that given the variants of the virus and fears of a possible third wave, the corporate is watchful of the rising state of affairs and stays optimistic of the alternatives in core markets and verticals.
“We crossed the USD 6 billion milestone in quarterly income this quarter. In addition to our annual wage enhance and promotions, we undertook one of many largest vaccination drives within the personal sector.

“Despite this and headwinds in regional markets, we expanded our Q1 operating margin year on year, reflecting the inherent resilience of our business model,” TCS Chief Financial Officer Samir Seksaria stated.