Fri Oct 11 06:03:52 UTC 2024: ## TCS Posts 5% Rise in Q2 Profit, Revenue Up 8% Amid Geopolitical Uncertainties

**Mumbai, October 10, 2024:** Tata Consultancy Services (TCS), India’s largest IT services company, reported a consolidated net profit of ₹11,909 crore for the second quarter of fiscal year 2024-25 (Q2FY25), marking a 5% year-on-year increase. Revenue from operations grew by 8% to ₹64,259 crore during the July-September quarter, compared to the same period last year.

Despite geopolitical challenges, TCS’s largest vertical, BFSI (Banking, Financial Services, and Insurance), showed signs of recovery. “Amidst the geopolitical situation, our largest vertical, BFSI, has shown signs of recovery,” said K. Krithivasan, CEO and MD of TCS. “We have also seen strong performance in our growth markets. We are focused on enhancing our value proposition for our customers, employees, and other stakeholders.”

The company declared a dividend of ₹10 per share for its shareholders. TCS’s revenue growth was driven primarily by the energy and utility segment, which saw a 7% rise, and manufacturing, which grew by 5.3%. However, revenue from media services declined by 10%.

TCS continues to expand its workforce, adding 5,726 new employees in the quarter, bringing the total headcount to 6.13 lakh. The company has also resumed campus hiring for FY 2025-26.

The company’s press conference scheduled for 5:30 PM was canceled due to the passing of Tata Sons Honorary Chairman Ratan Tata.

TCS shares closed at ₹4,227.90 on the day, down 0.59%. However, the stock has gained 10.94% year-to-date and 6.21% in the last six months.

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