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TCS Q1 net profit rises 5.2% to Rs 9,478 crore

India’s largest IT services firm Tata Consultancy Services (TCS) on Friday reported a 5.2 per cent year-on-year rise in consolidated net profit to Rs 9,478 crore for the first quarter ended June 30.

The consolidated revenue from operations increased 16.2 per cent year-on-year to Rs 52,758 crore in the first quarter of FY23.

TCS has declared an interim dividend of Rs 8 per equity share of Re 1 each.

TCS Chief Executive Officer and Managing Director Rajesh Gopinathan said: “We are starting the new fiscal year on a strong note, with all-round growth and strong deal wins across all our segments”.

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