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Today TCS reported a consolidated net profit of Rs
10,465 crore for the quarter ended September 2022, registering an 8.41%
year-on-year (YoY) growth from Rs 9,653 crore logged in the corresponding
quarter of the previous year. Kicking off the
earnings season for the information technology sector, the country's largest IT
service provider said profits rose 9.93 percent. TCS said revenue from
operations rose 18.01% year-on-year to Rs.55,309 crore compared to Rs.46,867
crore in the same quarter last year. Sequentially, revenue increased 4.83% .
At constant exchange rates, revenue growth was 15.4 percent year-on-year. The
company said its operating margin was 24 percent, down 1.6 percent
year-on-year. The company's order book for the quarter was $8.1 billion. Net
income from operations was Rs 10,675 crore or 102.3 per cent of net income.
We experienced strong, profitable growth across all of our industry verticals
and in all of our key markets. Our order book is holding up well, with a healthy
mix of growth and transformation initiatives, cloud migration and outsourcing
engagements.
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