TCS results - 10 things to know with detail
- 1. TCS, or Tata Consultancy Services, is an Indian multinational IT services and consulting company headquartered in Mumbai. 2. TCS is one of the largest IT services companies in the world, with a market capitalization of over $100 billion. 3. TCS reported its quarterly results for the first quarter of fiscal year 2022 in July 2021. 4. The company reported a net profit of Rs 9,008 crore for the quarter, an increase of 28.5% compared to the same period last year. 5. TCS also reported a revenue of Rs 45,411 crore for the quarter, a growth of 18.5% year-on-year. 6. The company's operating margin for the quarter stood at 25.5%, an increase of 3.3% compared to the same period last year. 7. TCS saw strong growth in its key markets, including North America and Europe, during the quarter. 8. The company also saw strong growth in its key industry verticals, including BFSI, retail, and healthcare. 9. TCS added 20,409 employees during the quarter, taking its total headcount to over 500,000 employees. 10. The company's management expressed confidence in its growth prospects and reiterated its commitment to delivering value to its shareholders.