USD revenue yet to be declared; deal wins in-line with estimates


TCS Q2 Results Live Updates: Tata Consultancy Services Ltd. (TCS), the largest Indian IT services company, reported constant currency revenue growth for the September quarter for the first time in three quarters. Revenue growth in constant currency terms stood at 0.8% sequentially after two quarters of decline. Watch this space for all the live updates.

TCS Q2 Results Live Updates: Tata Consultancy Services Ltd. (TCS), the largest Indian IT services company, reported constant currency revenue growth for the September quarter for the first time in three quarters. Revenue growth in constant currency terms stood at 0.8% sequentially after two quarters of decline. The June quarter saw TCS report a 3.3% drop in its constant currency revenue. The company’s net profit stood at ₹12,075 crore at the end of the September quarter, which was lower than the ₹12,760 crore it reported during the June quarter. The figure was also lower with the CNBC-TV18 poll estimate of ₹12,528.3 crore. EBIT margins for the quarter expanded by 70 basis points to 25.2% from 24.5% in June and higher compared to 24.7% estimate of the CNBC-TV18 poll. Deal wins during the quarter stood at $10 billion, in-line with what brokerages like Kotak had projected, and higher than the $9.4 billion that the company had won in the June quarter. TCS has also announced a second interim dividend of ₹11 per share, and the record date for this payout has been fixed as October 15. Watch this space for all the live updates.



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