TCS Q2 net profit up 23% at Rs 7,901 crore

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Mumbai: Tata Consultancy Services (TCS), India’s top software exporter today reported 22.6% jump in net profit to Rs 7,901 crore, in the Jul-Sep quarter. The IT behemoth is the first to report quarterly results in this quarter from the information technolgy pack. The revenues of the behemoth came in at Rs 36,854 crore, up by more than 20.7% on year. The Compnay has announced dividend of Rs. 4 per share.

Revenue at Rs. 36,854 crore, +20.7 % YoY

  • Net Income at Rs. 7,901 crore, +22.6% YoY

  • Operating Margin at 26.5%, an expansion of 1.4% YoY

  • Earnings Per Share at Rs. 20.66, +22.7% YoY

  • Net Cash from Operations at Rs.7,363 crore Ie 93.2% of Net Income

  • Dividend per share of Rs. 4.00

Commenting on the Q2 performance, Rajesh Goplnathan, CEO and Mo, said: “We are very pleased with our allround strong performance in 02. Revenue growth was driven by expanding demand for digital transformation across verticals, and contInued acceleration In BFSI and Retail. Our industry leading digital growth, and best-in-class client metrles bear testImony to our standing as the preferred partner in our customers’ growth and transformation Initiatives.”

“Our Business 4.0 thought leadership framework, contextual knowledge, and full stakeholder capabilities differentiate us, and drive demand for our solutions and services. Our Machine First Delivery Model (MFDM””) and Location-Independent Agile methDds are helping customers Integrate automation deep Within their enterprise, and orchestrate a more effective human-machine Interplay to deliver superior customer experience at scale” he added.

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