India’s most valuable IT company Tata Consultancy Services Limited (TCS) has released the results of the second quarter (Q2FY25) of the financial year 2024-25 today i.e. on 10 October. In the July-September quarter, TCS’ consolidated net profit grew by about 5% year-on-year to ₹ 11,909 crore.
In the same quarter a year ago, the company had a net profit of Rs 11,342 crore. At the same time, the company’s revenue from operations in Q2FY25 has increased by 8% year-on-year to Rs 64,259 crore.
BFSI shows signs of recovery amid the geopolitical situation
TCS CEO and MD K Krithivasan said – Amidst the geopolitical situation, our largest vertical BFSI has shown signs of recovery. We have also seen strong performance in our growth markets. We focus on improving our value proposition for our customers, employees, and other stakeholders. BFSI stands for Banking, Financial Services, and Insurance.
Tata Consultancy Services Limited (TCS) will pay a dividend of Rs 10 per share
Along with the results, TCS has also announced a dividend of Rs 10 per share for its shareholders. Companies give a part of the profit to their shareholders, it is called dividend.
TCS cancels press conference due to the death of Ratan Tata
Due to the death of Ratan Tata, TCS has canceled the press conference to be held at 5.30 pm after the announcement of the second quarter results. Ratan Naval Tata, Honorary Chairman of Tata Sons, died at the age of 86. He breathed his last at around 11 pm on Wednesday night. He was admitted to the Intensive Care Unit (ICU) of Breach Candy Hospital in Mumbai and was suffering from age-related diseases. Click to read the full news…
TCS stock is up 10.94% so far this year
Today, TCS stock closed at 4,227.90 with a fall of 0.59%. In the last 1 month, the stock has given a negative return of 6.21%. However, in the last 6 months, TCS stock has given a positive return of 6.21% and 10.94% so far this year.
Tata Consultancy Services (TCS) was founded in 1968
Tata Consultancy Services (TCS) is India’s multinational information technology (IT) company. It is a subsidiary of the Tata Group. TCS was founded in 1968 as ‘Tata Computer Systems’. TCS became a publicly listed company on 25 August 2004.
In 2005, it became India’s first company to enter the informatics market. In April 2018, it became the country’s first IT company to have a market capitalization of $100 billion. The company’s current market cap is Rs 14.17 lakh crore. It operates in 149 locations in 46 countries.
