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Q2 Results: TCS Profit Rises After Margin Hits Seven-Quarter High

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  • Q2 Results: TCS Profit Rises After Margin Hits Seven-Quarter High
    2018-10-11, By: System Administrator

    TCS net profit rose 3.4% to $1.1 bn in the Sept quarter from $1.08 bn in the preceding three months, while operating margin jumped 150 basis points to 26.5% from 25% in the April-June period

    Tata Consultancy Services Ltd (TCS) kicked off the fiscal second-quarter earnings season by reporting its fastest sequential growth in over four years.

    In constant currency terms, TCS's September quarter revenue rose 3.7% from the preceding three months. It grew 10% from a year earlier. Currency fluctuations, however, took some sheen off the company's growth as dollar revenue increased at a slower 3.2% pace to $5.21 billion in the quarter ended 30 September from the preceding three months.

    Net profit rose 3.4% to $1.1 billion in the September quarter from $1.08 billion in the preceding three months, while operating margin jumped 150 basis points to 26.5% from 25% in the April-June period.

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