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NEW DELHI: The country's largest software exporter Tata Consultancy Services ( TCS ) on Tuesday posted a net profit of Rs 8,131 crore for the first quarter ( Q1 ), ended June 2019, up 10.78 per cent, as against Rs 7,340 crore in the same period last year.

In terms of quarter-on-quarter basis, the IT major reported a marginal increase of 0.061 per cent in net profit from fourth quarter ended March 31, 2019.

The company's revenue from operations for Q1 came in at Rs 38,172 crore, up 11.41 per cent from Rs 34,261 crore posted in similar quarter last year. In terms of quarter-on-quarter, revenue increased 0.42 per cent from fourth quarter ended March 31, 2019.

Rajesh Gopinathan, chief executive officer and managing director, said: "We have had a steady start to the new fiscal year. We see customers continuing to spend on their growth and transformation initiatives, and that is showing in our strong order book and deal pipeline this quarter."

The board of directors has also recommended a dividend of Rs 5 per equity share.

The shares of TCS declined 2.05 per cent to close at Rs 2,131.45 on the BSE platform. On NSE, the shares of the company closed 2.55 per cent lower at Rs 2,120.



In Video: TCS Q1 net profit rises 10.8% to Rs 8,131 crore