TCS Q2 Results

Industry experts were of the opinion that TCS' focus on large IT outsourcing contracts might be one of the reasons behind the uneven distribution of quarterly revenues

The company's revenue and profitability were adversely affected largely owing to softness in financial services and retail verticals.

In the second quarter, the company's revenue and profitability were adversely affected largely owing to softness in financial services and retail verticals

Revenue in constant currency (CC) terms grew 8.4 per cent YoY while revenue in rupee terms came in at Rs 38,977 crore, up 5.8 per cent YoY.

TCS posted a 22.6% rise in Q2 net profit, largely in line with analyst estimates, helped by strong growth in its Banking, Financial services and Insurance and retail segments

Earnings per share (EPS) of the company came in at Rs 20.66, up 22.7 per cent YoY. The company also announced the second interim dividend of Rs 4 per equity share of Re 1 each.

While revenue performance was in line with Street expectations, profits were ahead of analysts' estimates

TCS had reported profits of Rs 6,586 crore on revenues of Rs 29,284 crore in FY17 Q2

Revenue increased 3.2% sequentially at Rs 30,541 cr