TCS Q1 results: Net profit rises to ₹8,131 crore
1 min read . Updated: 09 Jul 2019, 05:34 PM IST- TCS board declared an interim dividend of ₹5 per equity share
- The IT company reported an operating margin at 24.2%
IT major TCS today kicked off the earnings season by reporting by reporting a net profit of ₹ ₹8,131 crore on revenues of ₹38,172 crore. The company reported an operating margin of 24.2%. Its revenue from digital rose 42.1% year-on-year to increase its share to 32.2% of the total revenues.
Here are the key highlights of TCS Q1 results:
Revenue at ₹38,172 crore, +11.4% YoY
Net profit at ₹8,131 crore, +10.8% YoY
Operating Margin at 24.2%
Digital revenue: 32.2% of total, +42.1% YoY
UK, Europe and India lead growth: +16% YoY. +15% YoY and +15.9% YoY respectively
Net addition of 12,356 employees: highest in 5 years
315K+ employees trained in digital technologies
361K+ employees in Agile methqds
IT Services attrition rate at 11.5% LTM
Commenting on the Q1 performance, Rajesh Gopinathan, CEO and MD, said: "We have had a steady start to the new fiscal year. We see customers continuing to spend on their growth and transformation initiatives, and that is showing in our strong order book and deal pipeline this quarter."
"We are benefiting significantly from enterprises Investing in Customer Experience to differentiate themselves in a Business 4.0"'" world. Our lean forward strategy is working well and our customers are benefiting from the TCSs innovation ecosystem," he added.
