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Rupee rise shrinks TCS’ profit

Tata Consultancy Services Ltd (TCS), for the first quarter (April-June) of FY 2019-20 reported consolidated revenue of Rs 38,172 crore, up 11.4 per cent from a year ago. In constant currency terms, revenue grew by 10.6 per cent y-o-y to $5.49 billion. Consolidated net profit rose 10.8 per cent to Rs 8,131 crore.

Most of the growth came from digital (32.2 per cent of the total quarterly revenue); digital revenues have reached an annual run rate of $7 billion.

While annual growth numbers were healthy, the sequential performance was flat. Total revenue in ...

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