TCS Reports Robust Q1 FY25 Results With 9% Profit Surge

Tata Consultancy Services (TCS) reported a 9% year-on-year increase in net profit to Rs 12,040 crore for Q1 FY25. Revenue rose by 5.4% to Rs 62,613 crore. Key investments in AI and expansion of delivery centers marked strategic initiatives.

Tata Consultancy Services (TCS) has announced its financial results for the first quarter of fiscal year 2024-25, posting a 9% year-on-year surge in net profit to Rs 12,040 crore, compared to Rs 11,042 crore in the same period last year. The company also declared a dividend of Rs 10 per share, emphasizing its commitment to returning value to shareholders.

Revenue from operations grew by 5.4% to Rs 62,613 crore, up from Rs 59,386 crore in Q1 of the previous fiscal year. TCS added 5,452 new employees between April and June 2024, showcasing its ongoing focus on talent acquisition and expansion.

K Krithivasan, CEO and Managing Director of TCS, highlighted strategic initiatives in emerging technologies and innovation, including the establishment of an AI-focused TCS PacePort in France and the expansion of delivery centers across Latin America, Canada, and Europe. 'I am pleased to report a strong start to the new fiscal year with all-round growth across industries and markets,' he said.

(With inputs from agencies.)