BusinessTCS Reports Net Profit Of Rs 7,340 Crore In June Quarter, Beats Analysts' Estimates
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TCS Reports Net Profit Of Rs 7,340 Crore In June Quarter, Beats Analysts' Estimates
Revenue growth in constant currency terms stood at 4.1%
TCS board announced interim dividend of Rs 4 per equity share
TCS shares closed 0.6% lower at Rs. 1,877 on BSE
TCS had posted a net profit of Rs 6,904 crore on net income from operations of Rs. 32,075 crore in Q4
Kicking off the corporate earnings season, TCS or Tata Consultancy Services on Tuesday reported a record net profit of Rs 7,340 crore in the April-June quarter, beating analysts' estimates. Net profit grew about 24 per cent on a year-on-year basis helped by strong growth in its banking, financial services and insurance divisions (BFSI). Analysts, on average, had expected a consolidated net profit of Rs 6,983 crore, according to Thoms...