IT major Tata Consultancy Services (TCS) on Thursday reported a net profit of Rs 7,901 crore for the July-September period.
With that, the country's largest IT services exporter kicked off the corporate earnings season for India Inc.Net profit logged a sequential - or quarter-on-quarter - growth of 7.6 per cent and annual (year-on-year) growth of 22.6 per cent.Revenue stood at Rs36,854 crore for the second quarter of the financial year, up 20.7 per cent compared to the corresponding period a year ago."We are very pleased with our aIl-round strong performance in 02.
Revenue growth was driven by expanding demand for digital transformation across verticals, and continued acceleration In BFSI and Retail," said CEO and managing director Rajesh Goplnathan.In the April-June quarter, TCS had reported a net profit of Rs.
7,340 crore over a top line of Rs.
34,261 crore.TCS announced a dividend of Rs 4 per share.Shares in TCS closed 2.4 per cent, ahead of release of the quarterly earnings.