Tata Consultancy Services (TCS) has reported a net profit of rS 11,909 crore for the July-September quarter (Q2) of the fiscal year, marking a 1.1% decline quarter-on-quarter but a 5% increase compared to the same period last year. The IT services giant saw its revenue rise to Rs 64,259 crore, representing a year-on-year growth of 7.6%, driven primarily by strong performance in the energy, resources, utilities, and manufacturing sectors.
In line with its financial performance, TCS declared a second interim dividend of Rs 10 per share. The company also expanded its workforce by hiring 5,726 employees during the quarter, bringing its total headcount to 612,724, with women making up 35.5% of its workforce.
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As per the company filing on the exchange, "We would like to inform you that at the Board Meeting held today, the Directors have declared second interim dividend of INR 10 per Equity Share of INR 1 each of the Company."
K Krithivasan, CEO and Managing Director of TCS, noted, “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.” He added that there was a notable performance in the company's Growth Markets and reiterated TCS’s commitment to enhancing its value proposition for clients, employees, and stakeholders.
On Thursday, the shares of TCS closed at Rs 4228.40. The 52 week high and low of the share is Rs 4,585.90 and Rs 3,313 respectively. According to the BSE analytics, the shares have given returns of 16.51 per cent in the last 1 year and 35.47 per cent in the last 2 years.
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