Key Points
MUMBAI - Technology major Tata Consultancy Services (TCS) reported a nearly 17% year-on-year (YoY) rise in consolidated net profit for the June quarter to Rs 11,074 crore..
Consolidated revenue increased nearly 13% YoY to Rs 59,381 crore...
While the net profit was above the ET Now poll of Rs 10,890 crore, the revenue was tad lower than the estimated Rs 59,500 crore...
Sequentially, the topline rose a mere 0.4%, making this the slowest growth in 12 quarters for the countrys largest software exporter..
We are investing early in building capabilities at scale on these new technologies, and in research and innovation, so we can maximize our participation in these opportunities, the new chief said.. (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets..
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