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. ...