IT major's y-o-y revenue grew 5.8 percent to $4.16 billlion, while profit rose 6.2 percent to $926 million
India’s largest exporter of software services, Tata Consultancy Services (TCS) on Tuesday posted a 3 percent sequential rise in dollar revenue during the July-September quarter of the current fiscal, failing to match smaller rival Infosys’s 6 percent jump in dollar revenue during the same period.
In dollar terms, TCS’s revenue, in the fiscal second quarter, grew by 5.8 percent year-on-year (y-on-y) to $4.16 billion, while its profit stood at $926 million, up 6.2 percent y-o-y and 3.2 percent sequentially. Infosys had posted a profit of $519 million, up 9.1 percent sequentially and 1.6 percent y-o-y in the three-month period.
Besides, TCS announced a second interim dividend of Rs 5.50 per equity share of Rs 1 each of the company.