Odisha apna khata bhulekh7/30/2023 ![]() ![]() TCS’s order book at the end of Q1FY24 stood at $10.2 billion, with a book-to-bill ratio of 1.4, slightly higher than the previous quarter. The company attributed this to a weak demand environment. In dollar terms, the revenue increased by 4% from the previous quarter, amounting to $7,226 million.ĭespite a challenging business environment, TCS experienced a modest growth rate of 0.4% sequentially, which represents the slowest growth in the last 12 quarters. In constant currency terms, the revenue grew by 7% year-on-year. TCS witnessed a year-on-year surge of 13% in consolidated revenue, reaching Rs 59,381 crore. However, the net profit declined by 3% sequentially from the previous quarter. The company reported a net profit of Rs 11,074 crore, marking a 16.8% increase compared to the same period last year. Mumbai, July 12, 2023: Tata Consultancy Services (TCS), India’s largest software services exporter, has announced its financial results for the first quarter ended June 30, 2023. TCS remains confident in long-term demand and is investing in new technologies.EBIT margin declined to 23.2% due to wage hikes.Sequential growth was modest at 0.4%, the slowest in 12 quarters.Consolidated revenue grew by 13% YoY, reaching Rs 59,381 crore.TCS reported a 16.8% increase in net profit in Q1FY24. ![]()
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