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TCS Q2 Net Profit Up 14.5% At Rs 6,055 Crore

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Tata Consultancy Services Ltd, India's largest software services exporter, on Tuesday (13 October) reported a 14.5 per cent rise in quarterly net profit, meeting estimates, helped by a rise in new deals and a push towards digitisation.
 
TCS reported a net profit of Rs 6,055 crore ($928.93 million) for the second quarter ended September. Analysts, on average, had expected it to report a profit of Rs 6,049 crore.
 
“We have delivered accelerated growth in constant currency terms for Q2. Driven by great execution on the ground, our broad-based performance has been led by strong sequential growth in BFS, Retail and Life Sciences verticals with UK and North America leading the markets," said  N Chandrasekaran, CEO and managing director of Tata Consultancy Services .
 
Infosys, India’s second-biggest software exporter, on Tuesday reported a 9.8 per cent rise in September quarter consolidated net profit, but gave a lower dollar revenue guidance for the current fiscal.
 


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