TCS Q1 Results Live Updates: No headcount cuts expected due to AI, says management

TCS Q1 Results Live Updates: Tata Consultancy Services Ltd. (TCS), India's largest technology services company, reported its results for the April-June quarter after market hours on Thursday, July 10. TCS' net profit and margins were above expectations, while its topline was a marginal miss. Earnings Before Interest and Tax (EBIT) remained flat on a sequential basis. Watch this space for all the live updates.

TCS Q1 Results Live Updates: Tata Consultancy Services Ltd. (TCS), India's largest technology services company, reported its results for the April-June quarter after market hours on Thursday, July 10. TCS' net profit and margins were above expectations, while its topline was a marginal miss. Earnings Before Interest and Tax (EBIT) remained flat on a sequential basis. TCS won deals worth $9.4 billion during the June quarter, which is lower than the $12.2 billion TCV that was reported during the fourth quarter of the last financial year. The company's headcount has seen an increase on both sequential as well as on a year-on-year basis. Revenue in constant currency terms has seen a decline of 3.3% compared to the previous quarter. Aside of this, the company's board has also approved a dividend of ₹11 per share, and the record date for the same has been fixed as Wednesday, July 16. Watch this space for all the live updates.