TCS Q1 revenue rises 2.7%, company adds over 9,000 to workforce
TCS reported June-quarter revenue of $7.6 billion, showing a modest year-on-year increase. The company added over nine thousand employees, marking significant workforce expansion. Consolidated net profit saw a sequential decline after a one-time legal charge. Operating margins decreased due to annual wage hikes, with a goal to return to twenty-five percent. TCS expects AI to evolve jobs rather than eliminate them, creating new roles.
