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View All NewsTata revenue rises 8% in US dollars
Tata Consultancy Services' revenue rose 8.1% year over year to $4.36 billion in its fiscal first quarter ended June 30, the IT services company reported in US dollars. Net income also rose, up 4.7% to $940 million.
| (US$ millions) | Q1 2016 | Q1 2015 | % growth |
| Revenue | $4,362 | $4,036 | 8.1% |
| Gross profit | $1,861 | $1,761 | 5.7% |
| Gross margin percentage | 42.7% | 43.6% | |
| Net income | $940 | $898 | 4.7% |
Tata added 17,792 employees in the quarter for a total of 362,079. The company reported it added six clients worth more than $20 million each and four worth more than $50 million.
Quote
“Strong execution and accelerating customer adoption of cloud, big data and analytics has driven broad-based growth across key markets and industries,” said CEO Natarajan Chandrasekaran. “Our investments in platforms are gaining significant traction as customers look to boost business agility and enhance their time-to-market advantage to gain a competitive edge.”
Share price and market cap
Shares in Tata rose 1.16% on the BSE to 2,520.30 rupees (US$37.56).