TCS Q2 Profit Rises 15% to Rs 13,884 Crore, AI Revenue Crosses $3B
Tata Consultancy Services reported a net profit of Rs 13,884 crore for the July-September quarter, up 15 per cent from a year ago. The results beat analyst estimates.
Revenue rose 11.2 per cent year-on-year to Rs 73,188 crore. In constant currency terms, revenue grew 0.5 per cent from the previous quarter.
Artificial intelligence was the standout. Annualised AI revenue reached $3.1 billion, crossing 10 per cent of the company’s total revenue. Total contract value for the quarter was $9.6 billion, including deals with Porsche and Best Buy.
The operating margin held steady at 24 per cent. The net profit margin was 19 per cent.
TCS declared a second interim dividend of Rs 12 per share. The record date is October 14 and payment is scheduled for October 30.
The company added 4,258 employees during the quarter, taking its workforce to 598,056. Chief executive K Krithivasan said growth was broad-based across international markets and industry segments.
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