Reuters logo
BRIEF-India's Tata Consultancy Services June-qtr consol profit down about 6 pct
July 13, 2017 / 11:13 AM / 4 months ago

BRIEF-India's Tata Consultancy Services June-qtr consol profit down about 6 pct

July 13 (Reuters) - Tata Consultancy Services Ltd

* June quarter consol net profit 59.50 billion rupees versus 63.18 billion rupees last year

* Consensus forecast for June quarter consol net profit was 61.81 billion rupees

* June quarter consol net income from operations 295.84 billion rupees versus 293.05 billion rupees last year

* June quarter IT attrition rate (LTM) 11.6 percent

* Says June quarter gross employee addition of 11,202 employees

* Says “despite the impact of wage hikes in Q1, we continue to drive profitability to our targeted range”

* Says in Q1, “high currency volatility including sharp rupee appreciation against dollar resulted in INR 6.50 billion loss in reported revenues”‍​

* Says June quarter clients in $100 million + revenue band up by 1; $10 million + revenue band up by 12 Source text: bit.ly/2tPHdvK Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below