Thu Oct 10 17:20:12 UTC 2024: ## TCS Reports Strong Q2 Growth Despite Cautious Market Sentiment

**MUMBAI, INDIA -** Tata Consultancy Services (TCS), India’s largest IT services company, has announced a solid performance for the second quarter of fiscal year 2025 (Q2 FY25), reporting a 5% rise in net profit to Rs 11,909 crore compared to the same period last year.

Revenue from operations also saw a strong increase of 7.65% to Rs 64,259 crore, demonstrating continued growth in the company’s core business. Despite a slight dip in operating margin to 24.1%, TCS maintained a robust performance, with net cash from operations exceeding net income at Rs 11,932 crore.

The company also added 5,726 employees to its workforce, which now stands at 6,12,724, highlighting TCS’ continued investment in human capital. The company’s focus on diversity and inclusion is evident in its workforce, with 35.5% women representation and employees from over 150 nationalities.

While the IT sector continues to face uncertainties, TCS CEO and managing director, K Krithivasan, noted a positive trend in the banking, financial services, and insurance (BFSI) vertical. He further highlighted strong performance in Growth Markets.

The Q2 results were announced after market hours, following the passing of Ratan Tata, the former chairman of the Tata Group. TCS shares closed at Rs 4,228.40, down 0.56% for the day.

The company announced a dividend of Rs 10 per share, payable on November 5, 2024, to shareholders on record as of October 18, 2024.

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