Mumbai:
IT major Tata Consultancy Services (TCS) reported 1.95% year-on-year increase in net profit at Rs 11,058 crore for the quarter ending December 31, 2023.
The company had posted a net profit of Rs 10,846 crore in the corresponding quarter of the previous financial year.
The company’s revenue from operations in the October-December quarter of FY24 stood at Rs 60,583 crore, up 4% as against Rs 58,229 crore in the same quarter of FY23. As per a company statement, growth in the December quarter was led by the Energy, Resources and Utilities vertical which grew 11.8%, Manufacturing which grew 7.0% and Life Sciences and Healthcare which grew 3.1%.
