TCS net up 8.4% quarterly in Q2

Mumbai: Tata Consulting Services (TCS) on Thursday reported Rs 6,446 crore net profit for the second quarter of 2017-18, registering 8.4 growth from Rs 5,945 crore last quarter and a 2.1 per cent decline from Rs 6,586 crore in the same period last year.

In a regulatory filing on the BSE, the IT firm said a revenue of Rs 30,541 crore for the quarter under review was up 3.2 per cent from Rs 29,584 crore sequentially and 4.3 per cent up from Rs 29,284 crore in the like period year ago.

Under the International Financial Reporting Standards or in dollar terms, net income at $1,000 million in Q2 was up 8.4 per cent from $923 million a quarter ago and 1.6 per cent up from $984 million a year ago.

Revenue at $4,739 million in Q2 was up 3.2 per cent from $4,591 million a quarter ago and 8.3 per cent up from $4,374 million a year ago.