TCS net dips 3.3% Q-o-Q to Rs 5,709cr

Tata Consultancy Services' (TCS') net profit declined by 3.3% sequentially to Rs 5,709 crore in the April-June quarter. It increased by 13% compared to the corresponding quarter a year ago. In dollar terms, net profit was up 6.2% to $898 million from the year-ago quarter, but down 5.5% sequentially Share Market Astrology

The company had in April announced a cumulative bonus payout of Rs 2,628 crore to employees. This was a big reason for keeping profits down in the quarter. Without this payout, the profit would have been Rs 5,906 crore. 

Revenue rose 6% to Rs 25,700 crore as against Rs 24,220 crore in the preceding March quarter. Compared to the year-ago quarter, the growth was 16%. In dollar terms, revenue was up 9.3% to $4.04 billion year-on-year, and 3.5% up sequentially Indian stock market astrology prediction