 "TCS, Tata Consultancy Services")
IT major Tata Consultancy Services (TCS) on Monday reported 8% increase in consolidated net profit at Rs 10,431 crore for the quarter ending September 30, 2022 (Q2FY23) on the back of strong deal wins. It reported consolidated net profit of Rs 9,624 crore in the year-ago period.
The firm's consolidated revenue from operations rose 18% to Rs 55,309 crore in Q2FY23 as against Rs 46,867 crore in Q2FY22. However, the Mumbai-headquartered IT major saw its operating margin narrow by 1.60 percentage points to 24%.
On Monday, TCS stock on NSE closed nearly 2% higher at Rs 3,124.
The company's board approved dividend of
