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TCS Q2 Results: Profit rises 8% YoY to Rs 10,431 crore, beats estimates

India’s largest software program providers exporter Tata Consultancy Services or TCS on Monday reported an 18% YoY development in its income at Rs 55,309 crore. Its web revenue elevated 8.4% YoY to Rs 10,431 crore.

An ET NOW ballot of analysts had anticipated the revenue determine at Rs 10,285 crore.

The corporate additionally introduced a second interim dividend of Rs 8 per fairness share.

In an change submitting, TCS mentioned its working margin contracted from 1.6% YoY to 24%.

“Demand for our providers continues to be very sturdy. We registered sturdy, worthwhile development throughout all our trade verticals and in all our main markets. Our order e book is holding up properly, with a wholesome mixture of development and transformation initiatives, cloud migration and outsourcing engagements,” mentioned TCS CEO and MD Rajesh Gopinathan.

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