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TCS Profit Logs 5% Growth In Q2; Revenue Up 7.6%
The New Indian Express
|October 11, 2024
TATA Consultancy Services, the largest software exporter from the country, has logged in a 5% growth in net income at ₹11,909 crore, earning an 18.5% profit margin from a ₹64,259-crore revenue that has clipped at 7.6% y-o-y in the September quarter.
Following the passing of Ratan Naval Tata late Wednesday night due to age-related ailments, the emeritus chairman of the group as well as the parent Tata Sons, has called off the planned post-earnings presser to mourn the timely demise of its ex-chairman under whom it has become the largest software exporter and also the group's cash cow. On a sequential basis, net income inched down by 1.1%, missing Street expectations. Despite the better than expected numbers, the TCS counter declined 50 bps to ₹4,228.40 on the BSE at close after hitting a high of ₹4,293.30 int
This story is from the October 11, 2024 edition of The New Indian Express.
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