Margin Pressure Keeps TCS Net Growth At 4.99% In Q2

Bengaluru: India’s largest IT services company, Tata Consultancy Services (TCS) posted sound set of second quarter results with sound order book and healthy addition of employees. The company also said that its key vertical- BFSI- is showing signs of turning around. In the Q2 of FY25 ended September, net profit of the company stood at Rs11,909 crore, an increase of five per cent over the same period last year. Its revenue stood at Rs64,219 crore, up 7.6 per cent over past year.

In dollar term, revenue stood at $7.67 billion, a rise of 5.5 per cent year-on-year basis in constant currency term. During the quarter, the total order book of TCS was at $8.6 billion, out of which North America contributed $4.2 billion. Among verticals, BFSI (banking, financial services & insurance) contribution to TCV (total contract value) was at $2.9 billion.

“We saw the cautious trends of the last few quarters continue to play out in this quarter as well. Amidst an uncertain geopolitical situation, our biggest vertical, BFSI showed signs of recovery. We also saw a strong performance in our Growth Markets. We stay focused on sharpening our value proposition to our clients, employees and other stakeholders,” K Krithivasan, Chief Executive Officer & MD said.