Business

TCS June Quarter Net Profit At Rs 8,131 Crore; Declares Dividend Of Rs 5

TCS June Quarter Net Profit At Rs 8,131 Crore; Declares Dividend Of Rs 5

TCS or Tata Consultancy Services - the country's largest IT services exporter - on Tuesday reported a net profit of Rs 8,131 crore in the quarter ended June 30, 2019. That marked an increase of 0.06 per cent over the net profit of Rs 8,126 crore in the previous quarter. In a regulatory filing post-market hours, TCS said its revenue increased to Rs 38,172 crore in the first quarter of the current financial year, marking an increase of 0.43 per cent on a quarter-on-quarter basis.

"We have had a steady start to the new fiscal year. We see customers continuing to spend on their growth and transformation initiatives, and that is showing in our strong order book and deal pipeline this quarter," said Rajesh Gopinathan, chief executive officer and managing director, TCS.

The IT major also announced a dividend of Rs 5 per share. 

Shares in TCS ended 2.05 per cent lower at Rs 2131.45 apiece on the Bombay Stock Exchange, underperforming the benchmark Sensex index which ended flat after two days of sharp losses, ahead of the earnings announcement by the company. 



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