TCS net up 22.6% in second quarter

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Mumbai, Oct 11 (IANS) Global software major Tata Consultancy Services (TCS) posted Rs 7,901 crore consolidated net profit for the second quarter of fiscal 2018-19, registering a 22.6 per cent annual growth from Rs 6,446 crore in the same period a year ago.

In a regulatory filing on Thursday, the city-based IT bellwether said consolidated revenue for the quarter (Q2) under review grew 21 per cent annually to Rs 36,854 crore from Rs 30,541 crore in the like period year ago.

Sequentially, net profit and revenue grew 7.6 per cent from Rs 7,340 crore and Rs 34,261 crore respectively a quarter ago

Under the International Financial Reporting Standard (IFRS), net income grew 11.9 per cent year-on-year (YoY) to $1,119 million in Q2 from $1,000 year ago and 3.1 per cent sequentially from $1,082 million quarter ago.

Gross income in dollar terms also grew 10 per cent YoY to $5,215 million in Q2 from $4,739 million year ago and 3.3 per cent sequentially from $5,051 million quarter ago.



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