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.
https://thrivegroup.in/wp-content/uploads/2024/07/tcs.jpeg168299Vishalhttps://squarillart.com/Demo/thrive/wp-content/uploads/2024/06/thrive-1-300x108.pngVishal2024-07-12 13:23:112024-07-12 13:45:33TCS Q1 result- insight and impact on market
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