Tata Consultancy Services (TCS) reported a 1.1% quarter-on-quarter decline in net profit for the second quarter ended September, totaling Rs 11,909 crore, which was below market expectations. However, the company’s revenue from operations increased to Rs 64,259 crore during Q2 FY24, according to their stock exchange filing. Additionally, TCS declared […]
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Revenue Growth: While the profit growth is healthy, the revenue growth of 5.4% is slightly lower than the projected 4.8-5% range by analysts . Margin Pressure: As expected, the wage hikes impacted margins, aligning with analyst predictions of a contraction . Workforce Expansion: Adding over 5,400 employees suggests TCS is […]