Tata Consultancy Services reported better-than-anticipated earnings for the quarter ended June 30, 2016. Brokerage house Nirmal Bang Institutional Equities was expecting 4.6 per cent fall in bottom line figures on quarter-on-quarter basis, while 5.9 per cent growth on year-on-year basis.
Below are 5 key takeaways from TCS Q1 results
1) Net Profit: For the quarter ended June 30, 2016, the IT major reported a consolidated net profit of Rs 6,318 crore, down 0.45 per cent, against Rs 6347 crore in the sequential quarter ended March 31, 2016. On year-on-year basis, bottomline figure of the company grew by 9.44 per cent. The company has reported net profit of Rs 5773 in the corresponding quarter a year ago.
2) Revenue: Income from operations (net) of TCS grew by 3 per cent on quarter-on-quarter basis to Rs 29,305 crore for the quarter under review. The company has reported Rs 28449 crore for the quarter ended March 2016.
3) For shareholders: The company also declared an interim dividend of Rs 6.50 per equity share of Re 1 each of the company. The Interim dividend will be paid to the equity shareholders of the company on August 02, 2016.
4) For Employees: Attrition rate of the company fell for third consecutive quarter to 13.6 per cent. The total employee strength at the end of Q1 was 362079 on consolidated basis with gross addition of 17792. The percentage of women in Tata Consultancy Services increased to an all-time high of 33.8 per cent.
5) Earnings per share: EPS of the company fell to Rs 29.15 in the quarter under review from Rs 32.18 in the previous quarter ended March 31, 2016.