TCS Q1 Results: Records ₹12,040 Crore Profit in First Quarter, Announces ₹10 Per Share Dividend

TCS Q1 Results: Tata Consultancy Services, India's leading IT company, reported a profit of ₹12,040 crore during the first quarter of the financial year 2024-25, marking a 9% increase compared to the same quarter last year when it reported a profit of ₹11,074 crore.

The company's revenue saw a growth of 5.4%, reaching ₹62,613 crore compared to ₹59,831 crore in the corresponding period last year.

TCS's board has announced an interim dividend of ₹10 per share for its shareholders.

TCS Added 5,452 Employees in Q1 2024-25

TCS has announced that the company added 5,452 employees during the first quarter of the financial year 2024-25, bringing its total workforce to 6.07 lakh.

CEO Krithivasan expressed satisfaction with the quarterly results, stating, 'I am pleased that we have started the new financial year on a strong note, witnessing growth across all industries and markets. We are consistently enhancing our client relationships and developing new capabilities in emerging technologies.'

Additionally, TCS is expanding its delivery centres in Latin America, Canada, and Europe, alongside investments in innovations such as AI-focused TCS PacePort in France and IoT labs in the United States.

TCS Q1 Contract Value at $8.3 Billion

TCS has reported in its quarterly results that the total contract value for the first quarter amounted to $8.3 billion, which is lower compared to the same quarter last year and the previous quarter.

The fourth quarter of the financial year 2023-24 had seen a record order book of $13.2 billion.

TCS's quarterly results were released after the market closed. Earlier today, in the trading session, TCS stock closed at ₹3923.70, up 0.37%.