In the June quarter, TCS’ combined revenue rose 5.4% to 626.13 billion rupees. As per LSEG data, analysts expected revenue at 622.07 billion rupees.
India’s top IT services company, Tata Consultancy Services announced a higher-than-expected first-quarter revenue payable to the implementation of large deals captured in previous quarters. In the June quarter, the company’s combined revenue rose 5.4% to 626.13 billion rupees. As per LSEG data, analysts expected revenue at 622.07 billion rupees.
Due to the wage hike cycle, the company’s margins took a high point during the quarter as the EBIT margin reduced to 24.7 per cent for Q1. The company’s board also agreed to an interim dividend of ₹10 per share for the quarter.