Business and Economy Current Affairs.#Banking Awareness #National.TCS Q1 net profit rises 10.8% to Rs 8,131 crore; revenue up 11.4%. The company's revenue in dollar terms missed the street estimates while a stronger rupee ate into its operating margins.Points to Remember.*Sequentially, the rise was marginal. During the April-June period, the Mumbai-based firm reported an 11.4 percent rise in revenue at Rs 38,172 crore on a year-on-year (YoY) basis while it was 0.4 percent higher over the preceding quarter.*In dollar terms, revenue was $5.48 billion, up 8.6 percent YoY, while the rise in constant currency terms was 10.6 percent.*Bloomberg had estimated its revenue in Q1 of this financial year would be $5.62 billion. - Study24x7
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Business and Economy Current Affairs.

#Banking Awareness #National.

TCS Q1 net profit rises 10.8% to Rs 8,131 crore; revenue up 11.4%. The company's revenue in dollar terms missed the street estimates while a stronger rupee ate into its operating margins.

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