Tata Consultancy Services shares rise 4% on strong Q1 earnings
after close1 source ↓written by the desknot a recommendation
- following a strong
- 4%
- and revenue increasing
- ₹13,349 cr
- and revenue increasing
- 14%
- ₹72,275 cr
Tata Consultancy Services shares surged 4% following a strong Q1 earnings report, with net profit rising 5% YoY to ₹13,349 cr and revenue increasing 14% to ₹72,275 cr. Investors reacted positively to management's optimistic outlook on demand recovery, suggesting the worst of the slowdown may be over. This uplift also boosted the Nifty IT index.
Not investment advice. For informational purposes only.