TCS Reports 8.7% Profit Growth Amid Uncertain Market Conditions

Tata Group's TCS reported an 8.7% rise in net profit for the June quarter, hitting Rs 12,040 crore. Despite this, the company expressed uncertainty about sustaining its growth. New deal wins totaled USD 8.3 billion, but the CEO highlighted volatile market conditions. The IT giant aims to complete BSNL's 4G network rollout by fiscal year-end.

Tata Group's TCS announced an 8.7% increase in net profit for the June quarter, reaching Rs 12,040 crore.

Despite the positive results, the company expressed reservations about sustaining its growth due to volatile market conditions.

New deal wins amounted to USD 8.3 billion, with notable contributions from North America and the BFSI sector. The IT giant is also targeting the completion of BSNL's 4G network rollout by the end of the fiscal year.