TCS net profit up by 9.44% to ₹6,318 crore in Q1
IT services major Tata Consultancy Services (TCS) on Thursday reported a 9.44% year-on-year increase in consolidated net profit to ₹6,318 crore for the quarter ended June. Revenue jumped by 14.16% to ₹29,305 crore. The company’s CEO and Managing Director N Chandrasekaran attributed the rise in profit to increasing customer adoption of cloud, big data and analytics, among other factors.