Tata Consultancy Services Q1 Results

profit rise by 8.72% YOY, stock was up by 7.2%

Tata Consultancy Services (TCS) reported their Q1 results for FY2024 on July 11, 2024. Here are the key highlights:

  • Revenue and Profit:

    • Revenue increased by 5.44% year-over-year (YoY) and 2.25% quarter-over-quarter (QoQ).
    • Profit grew by 8.72% YoY but declined by 3.17% QoQ.
  • Expenses and Income:

    • Selling, General & Administrative (SG&A) expenses rose by 4.63% QoQ but decreased by 1.43% YoY.
    • Operating income fell by 2.98% QoQ but increased by 12.32% YoY.
  • Earnings Per Share (EPS):

    • The EPS for Q1 is ₹33.26, reflecting a 9.91% increase YoY.
  • Stock Performance:

    • Over the past week, TCS has delivered a return of -2.42%.
    • The return over the last 6 months is 5.52%.
    • Year-to-date (YTD) return is 3.91%.
  • Market Cap and Stock Range:

    • TCS has a market capitalization of ₹1,419,629 crore.
    • The 52-week high is ₹4,254.75, and the 52-week low is ₹3,257.66.

Overall, TCS showed a solid year-over-year performance in revenue and profit growth, although there was a slight decline in profit compared to the previous quarter.

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