TCS said its consolidated headcount stood at 4,43,676 as of June 30, 2020.
Shares of Tata Consultancy Services (TCS), the country's largest information technology services company, fell as much as 1.23 per cent to hit an intraday low of Rs 2,177.25 after its profit declined sequentially in June quarter. TCS on Thursday reported a 13 per cent decline in net profit for the April-June period compared to the previous quarter, missing analysts' estimates. Tata Consultancy Services' net profit came in at Rs 7,008 crore in the June quarter, as against Rs 8,049 crore in the quarter ended March 31, 2020.
Analysts had on an average expected the company to report a profit of Rs 7,705 crore, news agency Reuters reported citing Refinitiv data.
In constant currency terms, its revenue declined 6.3 per cent on a year-on-year basis, TCS said in a press release. The company's operating margin came in at 23.6 per cent, whereas its net margin stood at 18.3 per cent.
During the quarter, the company's life sciences and healthcare segment continued to grow strongly at 13.8 per cent (year-on-year). However, the company's all other industry verticals showed declines of varying degrees:
- Banking, financial services and insurance segment (BFSI): -4.9%
- Retail and consumer packaged goods (CPG): -12.9
- Communications and media: -3.6%
- Manufacturing: -7.1%
- Technology and services: -4%
TCS said its consolidated headcount stood at 4,43,676 as of June 30, 2020. The company said its workforce continues to be very diverse, comprising 146 nationalities and with women constituting 36.2 per cent of the base.
As of 11:12 am, TCS shares traded 0.83 per cent lower at Rs 2,186.
