{"id":832077,"date":"2024-07-12T09:10:17","date_gmt":"2024-07-12T03:40:17","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=832077"},"modified":"2024-07-12T09:57:21","modified_gmt":"2024-07-12T04:27:21","slug":"tcs-q1-results-net-profit-up-8-7-margins-rise-despite-salary-hike","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/12\/tcs-q1-results-net-profit-up-8-7-margins-rise-despite-salary-hike\/","title":{"rendered":"TCS Q1 results: Net profit up 8.7%, margins rise despite salary hike"},"content":{"rendered":"<p>India\u2019s largest IT services company Tata Consultancy Services (TCS) marginally beat Bloomberg estimates for its first-quarter (Q1) of 2024-25 performance, but macroeconomic uncertainties continued to weigh on the management\u2019s demand outlook. <\/p>\n<p>For Q1, TCS net profit grew 8.7 per cent year-on-year (Y-o-Y) to Rs 12,040 crore, but fell 3.1 per cent sequentially. Revenue increased 5.4 per cent Y-o-Y and 2.2 per cent sequentially to Rs 62,613 crore. Bloomberg had estimated revenue to be at Rs 62,128 crore and profit at Rs 11,959 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s largest IT services company Tata Consultancy Services (TCS) marginally beat Bloomberg estimates for its first-quarter (Q1) of 2024-25 performance, but macroeconomic uncertainties continued to weigh on the management\u2019s demand outlook. For Q1, TCS net profit grew 8.7 per cent year-on-year (Y-o-Y) to Rs 12,040 crore, but fell 3.1 per cent sequentially. Revenue increased 5.4 per cent Y-o-Y and 2.2 per cent sequentially to Rs 62,613 crore. Bloomberg had estimated revenue to be at Rs 62,128 crore and profit at Rs 11,959 crore.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-832077","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/832077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=832077"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/832077\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=832077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=832077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=832077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}