TCS management terms Q2 as landmark quarter; says Re fall boosted biz

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.

India's largest IT services firm Tata Consultancy Services (TCS) on Thursday posted a 23 per cent YoY rise in its net profit at Rs 79.01 billion for the September quarter of FY19. Revenue in rupee terms grew 20.7 per cent YoY at Rs 368.54 billion, while in constant currency terms, it grew at 11.5 per cent YoY. The company, in its press release, stated that digital demand drove double-digit growth in the second quarter.

The management said that Q2 was a landmark quarter for the company in many ways and that they had the numbers to ensure double-digit revenue growth