Tata Consultancy Services Ltd (TCS) on Monday said its net profit for the second quarter rose by 8% to Rs 10,431 crore as compared to Rs 9,624 crore in the year-ago quarter.
Ahead of its Q2 results announcement, shares of TCS closed nearly 2% higher at Rs 3,121 apiece on the BSE on Monday
Tata Consultancy Services Ltd (TCS) on Monday said its net profit for the second quarter rose by 8% to Rs 10,431 crore as compared to Rs 9,624 crore in the year-ago quarter.
The Tata Group company said its total revenue from services grew at a much faster pace of 18 per cent to touch Rs 54,309 crore in the period under review.
The IT major had reported consolidated revenue of Rs 46,867 crore in the year-ago quarter from which it had earned Rs 9,624 crore net income.
However, its operating margin narrowed by 1.60 percentage points to 24 per cent.
The company added 9,840 employees on a net basis during the quarter to take its overall strength to 6.16 lakh, making it the largest segmental employer.
Ahead of its Q2 results announcement, shares of TCS closed nearly 2% higher at Rs 3,121 apiece on the BSE on Monday.