TCS records 8.2% growth


Mumbai, Jan 12: The country’s largest software exporter on Thursday reported an 8.2 per cent growth in net profit for the December quarter at Rs 11,735 crore.

The company said its revenue for the reporting quarter grew 4 per cent to Rs 60,583 crore driven by strong double-digit growth in emerging markets, led by India.

The company’s order book stood at $8.1 billion, it said, adding net cash from operations stood at Rs 11,276 crore.

The topline growth was also led by energy, resources and utilities (up 11.8 per cent), manufacturing(7 per cent), and life sciences & healthcare (3.1 per cent), the company said in a statement.

K Krithivasan, CEO-MD, said: “Our strong performance in a seasonally weak quarter buffeted by macro-economic headwinds, demonstrates the strength of our business model with a well-diversified portfolio and a customer centric strategy. We are seeing strong deal momentum across markets resulting in a solid order book providing visibility into our long-term growth. We are seeing tremendous interest in Generative AI and are leading the innovation and exploratory efforts for our customers in this area.”