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09.07.2020 / 16:53

'We believe COVID-19 has bottomed out': Key takeaways from TCS Q1 results

Tata Consultancy Services (TCS), India's biggest Information Technology (IT) company, announced the results for quarter ended in June. The company reported 13.81% year-on-year fall in net profit at ₹7,008 crore for the June quarter.

India covid-19 pandemic information

₹8093 crore below estimates

MUMBAI : Software behemoth Tata Consultancy Services’ (TCS) reported net profit ₹8093 crore in the fourth quarter ending in March down from ₹8118 crore in Q3 missing analyst estimates.

city Mumbai covid-19 2020 pandemic

India's biggest IT company TCS today reported a net profit of ₹8,049 crore in the quarter ended March 31, 2020. In comparison, TCS had reported net profit of ₹8118 crore in the December quarter. Revenues rose to ₹39,946 crore, up 3% year on year in constant currency terms. It reported operating margin of 25.1% during the quarter.

India outbreak pandemic Coronavirus

COVID-19

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

Detail statistic

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