This Ratan Tata’s company’s net profit rises to Rs 127600000000, revenue increased by…, what is name of company?

Tata Consultancy Services (TCS), the country’s largest IT services firm, reported a 6% year-on-year increase in net profit for the June quarter, reaching Rs 12,760 crore. In the same period last year, the company had posted a net profit of Rs 12,040 crore.

TCS Q1FY26 Results

The company’s revenue inched up by 1.3 per cent to Rs 63,437 crore from Rs 62,613 crore in the year-ago period, but was down 3 per cent on a constant currency perspective.

Its operating profit margin expanded 0.30 per cent on-quarter to 24.5 per cent in the April-June period, as per a company statement.

“The continued global macro-economic and geopolitical uncertainties caused a demand contraction,” its managing director and chief executive K Krithivasan said.

TCS New Deals

It reported new deal signings of USD 9.4 billion during the quarter, while the overall headcount was at 6,13,069 at the end of the quarter, up by over 6,000 on-year.

The company scrip had closed 0.06 per cent down at Rs 3,382.30 apiece on the BSE, as against a 0.41 per cent correction on the benchmark.

TCS Management On Quarterly Results

K Krithivasan, Chief Executive Officer and Managing Director, said: “The continued global macro-economic
and geo-political uncertainties caused a demand contraction. On the positive side, all the new services grew
well. We saw robust deal closures during this quarter.”

The company’s Total Contract Value (TCV) for the quarter stood at $9.4 billion, down from $12.2 billion clocked in Q4. This was more than the Street estimates of $8-9 billion.

Samir Seksaria, Chief Financial Officer, said: “”We continued our investments in long term sustainable growth
this quarter. We stayed agile and adapted to the dynamic environment, delivering steady margins.”

(With Inputs From PTI)

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