NEW DELHI: IT services major Tata Consultancy Services (TCS) on Thursday posted a 1.78 per cent increase in its net profit for the second quarter (Q2), ended September 2019. TCS’s Q2 net profit came at Rs 8,042 crore as against a profit of Rs 7,901 crore reported in the same period last year. In terms of quarter-on-quarter growth, TCS reported a dip of 1.09 per cent in the quarter ended September 30, against Rs 8,131 crore profit posted in June quarter. The company’s revenue from operations for Q2 came in at Rs 38,977 crore, up 5.76 per cent from Rs 36,854 crore posted in similar quarter last year. In terms of quarter-on-quarter, revenue grew 2.20 per cent from Q1 ended June 30, 2019. “We ended the quarter with steady growth despite increased volatility in the financial services and retail verticals. We remain confident as the medium and longer term demand for our services continues to be very strong, as evidenced by our Q2 order book – the highest in the last six quarters,” TCS CEO and managing director Rajesh Gopinathan said. In a notification to the exchanges, the country’s largest software exporter said that it has added 14,097 employees in… Read full this story
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