MUMBAI: India’s largest information technology company Tata Consultancy Services today reported a 28.5 per cent year-on-year growth in its consolidated net profit to Rs. 9,008 crore for the quarter ended June. The company’s consolidated revenues for the quarter surged 18.5 per cent on-year to Rs. 45,411 crore.
Analysts had expect the IT services firm to report near 5 per cent sequential growth in consolidated net sales to Rs. 45,850 crore for the quarter and consolidated net profit of Rs. 9,370 crore.
On a sequential basis, the company’s constant currency topline growth stood at 4.1 per cent on a sequential basis for the reported quarter. Whereas, topline growth in rupee terms was at 3.9 per cent much lower than expectations.
The company’s board also approved an interim dividend of Rs. 7 per share.
