Global News

[ad_1] India’s IT majors Tata Consultancy Services (TCS) and HCL Technologies have announced their first quarter (Q1 FY24) results, with both, as per analysts, showing resilience in navigating the challenging global macroeconomic headwinds and recessionary trends. While TCS has demonstrated strong performance in certain areas, HCL Tech showcases promising growth potential and notable developments. TCS on Wednesday reported a 16.8 per cent jump in its consolidated net profit to Rs 11,074 crore for the June 2023 quarter. Its consolidated revenue increased nearly 13 per cent YoY to Rs 59,381 crore. HCL Technologies declared Rs 3,534 crore net profit in Q1 for the financial year 2023-24 along with an interim dividend of Rs 10 share. It announced a 7.6 per cent year-on-year increase in net profit for the first quarter which ended on June 30. While shares of TCS were trading 2.76 per cent or Rs 89.90 higher at Rs 3,350 apiece on the BSE during the trade on Thursday, HCL Technologies w