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TCS’s revenue in Q2 increased by 0.52% to Rs 59,692 crore, falling short of the Rs 60,641 crore analyst consensus.
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EBIT grew by 5.02% to Rs 14,483 crore, with an EBIT margin of 24.26%.
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Net profit rose by 2.42% to Rs 11,342 crore.
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In constant currency terms, TCS saw a 2.8% year-on-year revenue increase to $7.21 billion in July-September.
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TCS announced a share buyback worth Rs 17,000 crore at a 14.95% premium and an interim dividend of Rs 9 per share.
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The company’s order book stood at $11.2 billion with a book-to-bill ratio of 1.6.
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TCS reported a reduced attrition rate of 14.9% in July-September compared to 17% in the previous quarter.
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CEO K Krithivasan highlighted strong momentum and a significant order book in Q2, the company’s second-highest TCV ever.
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