In a seasonally weak quarter, Tata Consultancy Services managed to post a 1.1 per cent quarter-on-quarter (QoQ) rise in its consolidated net profit at ₹8,118 crore for the period ended December 31, 2019. This was helped by a rise in earnings before interest and tax (EBIT) margins to 25 per cent from 24 per cent a quarter ago. The rise in EBIT margins was helped by currency movement and ramp-up of deal executions.
In the previous two quarters, the EBIT margins had fallen from 25 to 24 per cent levels as the company had invested in training its existing employees in newer technologies, and hiked salaries. It has now returned to its industry-leading EBIT margin levels.
This story is from the January 18, 2020 edition of The Hindu Business Line.
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This story is from the January 18, 2020 edition of The Hindu Business Line.
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