TCS reports net profit of 9% in Q4FY24 to Rs 12,434 crore
With this growth, the company's consolidated net profit spiked to Rs 12,434 crore, compared to Rs 11,392 crore for the corresponding quarter of the previous year.
With this growth, the company's consolidated net profit spiked to Rs 12,434 crore, compared to Rs 11,392 crore for the corresponding quarter of the previous year.
TCS said it will help reduce costs and realise economies of scale within Ramboll’s IT estate.
According to the notice by Maharashtra's labour and employment department, a joint meeting between the company and the complainant will be held on November 2 to address the issue.
The concerns triggered by the ongoing Israel-Hamas conflict had resulted in the creation of big short positions in the market, and now these shorts are being covered pushing the markets up, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
The revenue for Q2 came at Rs 59,692 crore, an increase of 7.9% year-on-year. In constant currency terms, the revenue growth was 2.8% YoY.
Post the announcement, shares of the company soared over 6 per cent on the equity benchmarks on Thursday.
In October 2014, EPIC had filed a legal claim against TCS in the court of Western District Madison, Wisconsin alleging infringement of Epic''s proprietary information.
Earlier in the day, company’s stock fell 1.22 per cent to Rs 2,177.25. It dipped 1.28 per cent to Rs 2,176 on the NSE.
On the broader market, the S&P BSE MidCap index lowered by 0.39 per cent while the S&P SmallCaP dropped 0.43 per cent.
The company brought back a total of 206 of Infosys employees and their families.