Q1FY24 Earnings Preview: How Did TCS & HCL Tech Perform This Quarter? | TCS | HCL Tech | ET Now

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Published on July 12, 2023 3:58:36 PM ● Video Link: https://www.youtube.com/watch?v=uUwDWRRhhcs

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TCS and HCL Tech announced their Q1GY24 results today. TCS reported 16.8% YoY increase in Net Profit this quarter on the back of strong growth in total contract value deal wins. Consolidated revenue was up 13% YoY. However, EBIT Margins fell 23.2%. On the other hand, HCL Tech reported a net profit growth of 7.6% YoY and Consolidated Revenue grew 12% YoY. Here are the key takeaways from the results today.

#tcs #hcltech #earnings


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