Shares of Tata Consultancy Services (TCS) rose 3.5% to Rs 2,118 on Friday after the company reported a 5% year-on-year (YoY) increase in consolidated net profit to Rs 13,349 crore for the first quarter, compared with Rs 12,760 crore in the year-ago period.
Revenue from operations rose 14% YoY to Rs 72,275 crore. On a sequential basis, revenue grew 2.2% in rupee terms and 0.4% in constant currency. Operating margin stood at 24%, while net margin came in at 19.2%. Net cash from operations was Rs 12,412 crore, equivalent to 93% of net income.
