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21 March, 2018 14:17 IST
TCS Q2 earnings up 8.4% sequentially to Rs 64.46 bn
Source: IRIS | 12 Oct, 2017, 05.03PM
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Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions firm, witnessed a 2.1% fall in the consolidated net profit on year-on-year basis (a 8.4% rise on sequential basis) to Rs 64.46 billion for the quarter ended September 2017.

Revenues up 4.3% on year-on-year basis (3.2% higher on sequential basis) to Rs 305.41 billion. Operating Margin at 25.1%, an expansion of 1.7% q-o-q.

Commenting on the Q2 performance, Rajesh Gopinathan, CEO and MD, said, "We experienced robust volume growth in Q2, driven by good demand across multiple industry verticals. Strong, broadbased client metrics this quarter demonstrates our Increasing success with newer customers. Large deal wins this quarter, a good pipeline, and bottoming out of the Retail sector softness positions us well."

Gopinathan added: "We continue to gain share In the fast growing Digital spend of our customers, evident in our Industry-leading Digital growth in Q2. By sharpening our focus on Individual components of the Digital service stock, we hove been able to bring to bear the full power of our contextual knowledge, research and innovation, and investments in location-Independent agile, automation and cloud on our customers' transformational imperatives and become a trusted partner in their Business 4.0 Journeys."

Shares of the company gained Rs 48.05, or 1.92%, to settle at Rs 2,548.55. The total volume of shares traded was 186,876 at the BSE (Thursday).

Tata Consultancy Services Limited   (Q,N,C,F)*

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