IT services giant Tata Consultancy Services Ltd. reported revenue rose 7% year over on a constant currency basis to 593.81 billion Indian rupees (US$7.24 billion) in its fiscal first quarter ended June 30.

Revenue was up 12.6% on a reported basis.

Among verticals, growth was led by life sciences and healthcare, which grew 10.1% in constant currency and the manufacturing vertical, which grew 9.4%, also in constant currency.

Among major markets, the UK led constant currency revenue growth with an increase of 16.1%. North America grew 4.6%, and Europe grew 3.4%. In emerging markets, Middle East and Africa grew 15.2%, India grew 14%, Latin America grew 13.5%, and Asia Pacific grew 4.7%.

TCS reported headcount rose by a net 523 in the quarter to a total of 615,318.

Share price and market cap

Shares in TCS closed down 0.38% today in India to 3,259.90 Indian rupees (US$39.55); they were 8.81% below their 52-week low, according to FT.com. The company had a market cap of 11.97 trillion Indian rupees (US$145.23 billion).