TCS’s Q1 net profit up by 28% at Rs 2,380 crore

Beating the market prediction today TCS announced its first quarter result showing net profit rise by 28%. India’s largest software services provider Tata Consultancy Services (TCS) register record net profit at Rs 2,380 crore ($535 million) with increasing demand from western clients.

TCS has added 24 new clients in the first quarter which in turn help them to beat the forecast and register 28% net profit. TCS’s major clients are Citigroup, General Electric, British Airways and Sony Corp. 

TCS also hired 3576 employees during April-June quarter.

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