TCS Q1 net profit jumps 23.4% to Rs 7,340 cr

The country's largest software exporter, TCS, posted a 23.4 per cent rise in consolidated net profit to Rs 7,340 crore for the first quarter ended June 30, 2018.

The company had reported a net profit of Rs 5,945 crore in the same period previous fiscal, TCS said in a regulatory filing.

The Tata Group company -- which accounts for a lion's share of the group's overall profit -- saw its income from operations grow at 15.8 per cent to Rs 34,261 crore for the first three months of the current financial year, up from Rs 29,584 crore a year earlier.

The company said it is seeing strong demand in areas like cloud transformation, cyber-security, data privacy, and automation.