TCS Q2 result: Brokerages upbeat on margin improvement; macro risks remain

TCS Q2 earnings review: Its attrition inched up to 21.5 per cent over the preceding quarter's 19.7 per cent. It said the quarterly annualized attrition has peaked in Q2 and should taper down from here

Healthy broad-based growth across geographies and verticals helped IT giant Tata Consultancy Services (TCS) clock better-than-expected results in the July-September quarter (Q2FY23).

TCS reported an 8.4 per cent year-on-year (YoY) increase in net profits to Rs 10,431 crore, while its revenue rose 18 per cent YoY to Rs 55,309 crore.

Its profit margins also improved sequentially by 90 bps to 24 per cent aided by operating efficiency, and lower employee expenses.

However, the company’s attrition inched up to 21.5 per cent over the preceding quarter’s 19.7