The TCS board also approved an interim dividend of Rs 10 per share for the quarter. The record date of dividend payment is July 20, 2024 and the dividend will be paid on August 5, 2024.
The company won some big deals during the first quarter, increasing its order book to $10.2 billion from $8.2 billion in the same quarter last year.
“We are continuing to expand our customer relationships, build new capabilities in emerging technologies and invest in innovation, including a new AI-focused TCS PaySport in France, an IoT (Internet of Things) lab in the US and “This includes expanding our delivery centers across Latin America, Canada and Europe,” TCS CEO K Krithivasan said in a statement.
"Despite the modest impact of annual salary increases this quarter, we delivered strong operating margin performance, validating our efforts towards operational excellence," said Chief Financial Officer Sameer Seksaria.
"We are focused on making the right investments in R&I and talent, strengthening our superior return ratios and creating long-term value for our stakeholders," he said.
TCS added 5,452 employees in the first quarter, taking the total workforce to 6.07 lakh. The company's attrition rate based on the last twelve months was 12.1 percent.
The company won some big deals during the first quarter, increasing its order book to $10.2 billion from $8.2 billion in the same quarter last year.
“We are continuing to expand our customer relationships, build new capabilities in emerging technologies and invest in innovation, including a new AI-focused TCS PaySport in France, an IoT (Internet of Things) lab in the US and “This includes expanding our delivery centers across Latin America, Canada and Europe,” TCS CEO K Krithivasan said in a statement.
"Despite the modest impact of annual salary increases this quarter, we delivered strong operating margin performance, validating our efforts towards operational excellence," said Chief Financial Officer Sameer Seksaria.
"We are focused on making the right investments in R&I and talent, strengthening our superior return ratios and creating long-term value for our stakeholders," he said.
TCS added 5,452 employees in the first quarter, taking the total workforce to 6.07 lakh. The company's attrition rate based on the last twelve months was 12.1 percent.
