Glimpse on Q2 Result of TCS – Profit Jumps 23% YoY to Rs 7,901 Crore
One of the India’s biggest software exporter, Tata Consultancy Services has posted 22.57 per cent YoY rise in profit at Rs 7,901 crore for the second quarter, largely in line with Rs 7,929 crore estimated by analysts.
On Thursday, the TCS had reported a net profit of Rs 6,646 crore for September last year.
In the corresponding quarter last year, the revenue generated by the company for this quarter under review rose to Rs 36,854 crore compared with Rs 30,541 crore.
TCS declared a second interim dividend of Rs 4 per share, payable to shareholders whose names appear on the register of members of the company or in the records of the depositories as beneficial owners of the shares as on October 24, the company said in a BSE filing.
On a year-on-year basis, operating margin for the quarter stood at 26.5 per cent, up 144 basis points.
It was seen that in constant currency terms, revenues were up 11.50 per cent YoY.
The CEO and MD of the company stated that they are very pleased with our all-round strong performance in Q2. Revenue growth was driven by expanding demand for digital transformation across verticals, and continued acceleration In BFSI and Retail. Their industry-leading digital growth, and best-in-class client metrics bear testimony to our standing as the preferred partner in our customers’ growth and transformation Initiatives.