TCS profit rises 1.4%, revenue 2.4% in September quarter

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rel=”dofollow” href=”https://economictimes.indiatimes.com/tata-consultancy-services-ltd/stocks/companyid-8345.cms” target=”_blank”>Tata Consultancy Services ( rel=”dofollow” href=”https://economictimes.indiatimes.com/tata-consultancy-services-ltd/stocks/companyid-8345.cms” target=”_blank”>TCS) has reported a 5.4% quarter-on-quarter decline in net profit to Rs 12,075 crore for July-September, largely on account of a one-time severance payout of Rs 1,135 crore. On-year, net profit was up 1.4%. India’s largest software services firm laid off 1%, or 6,000, of its around 600,000-strong workforce during the quarter as part of its plans to reduce its headcount by 2% in this financial year. Its workforce declined by 19,755 on a net basis in July-September, likely its largest quarterly decline, to 593,314…



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TCS profit rises 1.4%, revenue 2.4% in September quarter



rel=”dofollow” href=”https://economictimes.indiatimes.com/tata-consultancy-services-ltd/stocks/companyid-8345.cms” target=”_blank”>Tata Consultancy Services ( rel=”dofollow” href=”https://economictimes.indiatimes.com/tata-consultancy-services-ltd/stocks/companyid-8345.cms” target=”_blank”>TCS) has reported a 5.4% quarter-on-quarter decline in net profit to Rs 12,075 crore for July-September, largely on account of a one-time severance payout of Rs 1,135 crore. On-year, net profit was up 1.4%. India’s largest software services firm laid off 1%, or 6,000, of its around 600,000-strong workforce during the quarter as part of its plans to reduce its headcount by 2% in this financial year. Its workforce declined by 19,755 on a net basis in July-September, likely its largest quarterly decline, to 593,314…



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Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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