TCS Q1 profit down 2.7% QoQ at Rs 13,349 crore, revenue beats estimates; board declares Rs 12 dividend

TCS reported a decline in Q1 net profit, following a one-time settlement of Rs 668 crores after its appeal was rejected in the DXC Technology trade secret lawsuit.

Tata Consultancy Services (TCS)

TCS Q1 net profit: Rs 13,349 crore, down 2.7% QoQ.

Revenue beat estimates at Rs 72,275 crore.

AI revenue reached $2.6 billion, up 13.6% sequentially.

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