TCS net profit rose 3.4% to $1.1 bn in the Sept quarter from $1.08 bn in the preceding three months, while operating margin jumped 150 basis points to 26.5% from 25% in the April-June period
Tata Consultancy Services Ltd (TCS) kicked off the fiscal second-quarter earnings season by reporting its fastest sequential growth in over four years.
In constant currency terms, TCS's September quarter revenue rose 3.7% from the preceding three months. It grew 10% from a year earlier. Currency fluctuations, however, took some sheen off the company's growth as dollar revenue increased at a slower 3.2% pace to $5.21 billion in the quarter ended 30 September from the preceding three months.
Net profit rose 3.4% to $1.1 billion in the September quarter from $1.08 billion in the preceding three months, while operating margin jumped 150 basis points to 26.5% from 25% in the April-June period.