TCS reports 10.74% rise in net profits

India’s largest IT services company, Tata Consultancy Services on Tuesday reported a 10.74% year-on-year rise in net profit at Rs 8,131 crore for the first quarter ended June. In the corresponding period last year, its profit stood at Rs 7,362 crore.

The company also reported an uptick of 11.41% in revenue year-on-year, growing to Rs 38,172 crore from Rs 34,261 crore in the year-ago quarter last year.

The board of directors has declared an interim dividend of Rs 5 per equity share.

The digital revenue was 32.2% of the total revenues and 42.1% year-on-year. The company has retained 315,000 employees in digital technologies. During the quarter, it added 12,356 employees, the highest in five years.