Mumbai, Oct 10
Tata Consultancy Services (TCS) on Thursday posted Rs 11,909 crore in net profit -- a drop of 1.1 per cent quarter-on-quarter but a 5 per cent growth year-on-year -- for the July-September period (Q2) this fiscal.
The revenue of the IT services major rose to Rs 64,259 crore, a YoY growth of 7.6 per cent, led by energy, resources and utilities and manufacturing.
TCS declared the second interim dividend of Rs 10 per share.
In the July-September quarter, the company hired 5,726 employees and now has a 612,724-strong workforce, with 35.5 per cent representation from women.
“We saw the cautious trends of the last few quarters continue to play out in this quarter as well. Amid an uncertain geopolitical situation, our biggest vertical, BFSI showed signs of recovery,” said K Krithivasan, CEO and Managing Director, TCS.
“We also saw a strong performance in our Growth Markets. We stay focused on sharpening our value proposition to our clients, employees and other stakeholders,” he added.
According to Chief Financial Officer Samir Seksaria, the company made strategic investments this quarter in talent and infrastructure to ensure sustainable growth.
“Our disciplined execution resulted in superior cash conversion. Our longer-term cost structures remain unchanged, and we remain confident in our ability to continue delivering industry leading profitable growth,” he added.