TCS In Focus Today Post Results, Board Declares Div of Rs5/Share

Shares of TCS are in Focus Today. India’s biggest software services company, TCS (Tata Consultancy Services), reported First Quarter FY19-20 earning results after market hours, on Tuesday.

 The company reported a 10.8pc rise in net profit to Rs8,131-Cr from Rs7340-Cr in the equivalent period last year. 

For the quarter concluded June-2019, the Company witnessed a 11.4-pc rise in revenue to Rs38,172-Cr. The Company’s operating margin for the period was at of 24.2pc, V/s 25.1-pc in March quarter and 25-c in the matching quarter of 2018. It witnessed a momentous increase of 42.1pc in digital income on a Y-o-Y basis to boost its share to 32.2pc of the total income. 

Meantime, TCS’ board has announced an interim dividend of Rs5-per share.

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