TCS Q2 results News

Tata Consultancy Services (TCS) on Thursday reported a 1% dip in its second-quarter profit at Rs 8,042 crore, missing expectations. The country's largest software services provider said that its profit in the June quarter stood at Rs 8,131 crore. The year-on-year growth of the TCS was 1.78 percent in bottomline.

India's largest software exporter TCS on Thursday reported 2.1 per cent dip in net profit to Rs 6,446 crore for the September quarter on softness in banking and retail segments, but gave better guidance based on client optimism.

TCS registered revenues at Rs 30,541 crore in the second quarter of 2017-18, up 4.3 per cent from Rs 29,284 crore in the year-ago period.

India's largest software services provider Tata Consultancy Services on Thursday reported a net profit of 8.4 percent at Rs 6,586 crore for second quarter ending September 30, 2016.

Shares of IT bellwether TCS on Friday tumbled over 9 percent, eroding Rs 45,824 crore from its market valuation, after its September quarter numbers failed to meet market expectations.