Tata Consultancy Services reports 8.7 per cent increase in net profit at Rs 12,040 crore in Q1

Tata Consultancy Services (TCS) kicked off the first quarter earnings season by reporting an 8.7 per cent increase in net profit at ₹12,040 crore, exceeding the sombre estimates that a gaggle of brokerages had put out.

In the same quarter last year, the software giant had notched up a net profit of ₹11,074 crore.