India's biggest IT company TCS today reported a net profit of ₹8,049 crore in the quarter ended March 31, 2020. In comparison, TCS had reported net profit of ₹8118 crore in the December quarter.
Revenues rose to ₹39,946 crore, up 3% year on year in constant currency terms. It reported operating margin of 25.1% during the quarter.
Rajesh Gopinathan, Chief Executive Officer and Managing Director, said: "The pandemic completely reversed the positive momentum that we had started seeing in some of our biggest verticals in the first half of the quarter.
On the positive side, we had very strong deal closures during the quarter. In fact, our order book this quarter is the largest ever, from the time we started reporting the metric.