Business

Tata practice Services reports ten.7% rise in Q1 consolidated income

Software major Tata practice Services (TCS) on weekday reported a ten.74 per cent rise in its consolidated income for the April-June quarter, on a year-on-year (YoY) basis.

Its consolidated income within the half-moon of monetary year 2019-2020 raised to Rs eight,153 crore, against Rs seven,362 large integer reported for the corresponding amount of last year, the corporate same in a very regulative filing.TCS reported a twelve.29 per cent increase in its consolidated total financial gain for the amount beneath review at Rs thirty-nine,847 crore, from Rs 35,486 large integer in Q1, 2018-19.

The board of administrators of the corporate declared AN interim dividend of Rs five per equity share of Re one every of the corporate, the filing same.Commenting on the performance, Rajesh Gopinathan, CEO and MD, TCS said: "We have had a gentle begin to the new yr. we have a tendency to see customers continued to pay on their growth and transformation initiatives, which is showing in our robust order book and deal pipeline this quarter."

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