Country’s biggest software exporter reported a growth rate of 7 per cent in its consolidated net profit to touch Rs 1291 crore in the first quarter ended June 30. The company which narrowly missed the forecasts saw a 24 per cent revenue growth to touch Rs 6411 crore. Analysts had estimated Rs 6500 crore.
The company’s revenue grew 6 per cent vis-a-vis the earlier quarter. Shares of TCS gained 5.9 per cent in the last quarter, compared with a 14 per cent decline in the Bombay Stock Exchange’s benchmark index and Infosys’ 21 percent.
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