TCS beats estimates, Q1 net profit at Rs 6,310 crore - News Summed Up

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TCS beats estimates, Q1 net profit at Rs 6,310 crore


The IT exporter had reported a net profit of Rs 6,342 crore in the previous quarter. On a quarter-on-quarter basis, net profit fell marginally by 0.4 per cent. Net profit came in at Rs 6,317 crore. NEW DELHI: Tata Consultancy Services (TCS) on Thursday beat Street estimates with June quarter earnings, reporting a 9.9 per cent year-on-year (YoY) growth in net profit at Rs 6,317 crore, which was higher than an ETNow estimate of Rs 6,065 crore. In rupee terms, TCS' revenue rose 3 per cent to Rs 29,305 crore.


Source: Economic Times July 14, 2016 11:01 UTC



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