Mumbai, July 9 -- Tata Consultancy Services (TCS) officially announced here on Thursday that it has posted a 5pc year-on-year (YoY) growth in its consolidated net profit at Rs 13,349 crore for the Q1 FY27, as compared to Rs 12,760 crore a year ago.
Commenting on the development, TCS CEO K Krithivasan said, "The quarter reflected continued growth momentum despite geopolitical and macroeconomic headwinds. He said customers were increasing investments in AI, modernisation, cybersecurity, sovereign cloud and platform simplification".
Accordingly, the company's board has approved an interim dividend of Rs 12 per share for FY27 and fixed July 15 as the record date.
The company statement mentioned that its revenue from operations in the period ...