Tough start for FY26 for TCS; Q1 profit rises 6 pc on non-core income amid sluggish topline growth
Mumbai, July 10 (PTI), the country’s largest IT services company TCS on Thursday in June reported a 6 percent growth. La12,760 Crore, even if revenues increase at a warm speed, the assistance of a jump in non -core income.
RUPI income increased by 1.3 percent La63,437 crore for the quarter, but the company fell over 3 percent on a fixed money basis because it faced head winds in the big markets in the midst of the BSNL agreement, which helps in the last quarter.
The other income of the company, the first major player to report the April-June performance La1,660 CRORE LaLast year, 962 Crore wrote previously paid income tax, which helped the company’s sub -line.
Krithivasan, General Manager and General Manager, added that he experienced a “demand narrowing” due to the uncertainties on the macroeconomic and geopolitical fronts, and that he did not see a double -digit increase in 26 financial years.
CEO, which can be created as a change in previous comments, said that international revenues expect to give better results in 26 financial years compared to the previous year. In April, the company said that the total increase in income in 26 financial years would be better than 25 financial years.
Speaking to the journalists in the office here, Crithivasan announced that the delays in the previous quarter of the decision -making process were now “intensified” and hoped for optional expenditures – the primary carrier of income growth for CT companies – after uncertainties increased.
There are positive signs of trade agreements signed by the US and some of the legislation in the largest market, in the hope of a little clarity about the aspects that restrict customers’ expenditures until the end of this month or the end of August.
Business profit margin contracted to 24.5 percent against 24.7 percent in the previous year’s previous year, and even the wage increases that typically curl margins have not yet emerged.
Human Resources Chief Milind Lakkad added that the company has not yet decided on wage increases and has maintained its goal of hiring fresh from now on.
Chief Finance Director Samir Sexaria added that the company’s desire to push the operating profit margin to 26-28 percent and that he took into account all aspects while chasing the willing level.
Krithivasan added that USD $ 9.4 billion has signed new agreements in the quarter and that the ongoing challenges prevented customers from registering for cost optimization agreements and instead of going for cost optimization.
TCS management, the pipeline between the service lines continues to be strong and the pricing is also constant at the general level, but some deviations may be, he said.
Banking, financial services and revenues from the insurance industry – the biggest contribution of the areas – only 1 percent increased, while the largest geography of North America saw a 2.7 percent contraction.
Indian revenues make up to 5.8 percent of the general pie against 7.5 percent compared to the previous year. La15,000 CRORE BSNL agreement. Krithivasan said the company has won the add -on. La2,900 crore for state -owned Telco, but waiting for the start to start.
Aarthi Subramanian, the newly appointed Chief Business Officer, said that there was interest in AI offers, but refused to specify income reservations in the same way. Agent AI’s customer speech, especially in certain solutions such as Business Process Services (BPS), he said.
Crithivasan, Capgemini’s BPS Major WNs of over $ 3.3 billion BPS Major WNS’nin $ 3.3 billion in the comments before the acquisition of US $ 3.3 billion, the TCS expanded the horizon over the merger and inheritances, but signed any agreement should be value-cazip, he said.
CEO, if he finds a goal to help the company to gain size, or if he finds a target that will provide access to talents and technologies, and if not, the TATA group will give the cash cow back to the shareholders’ shareholders.
On Thursday, the Company Board announced 11 RS temporary dividends per share.
In general, at the end of the quarter, 6,13,069 is over 6,000 annually and over 5,000. However, the wear rose to 13.8 percent and was called outside Lakkad’s comfort level.
The company scenario fell by 0.06 percent. La3,382.30 in the BSE, a correction of 0.41 percent in criterion.
