TCS net jumps 23% to Rs 7,901 crore

The IT behemoth clocked a net profit of Rs 7,901 crore for the quarter, against Rs 6,446 crore in the corresponding quarter last fiscal year. Reuters Photo

The country's largest IT services provider, TCS has reported a jump of 22.6% in its net profits for the second quarter ended September 30, 2018.

The IT behemoth clocked a net profit of Rs 7,901 crore for the quarter, against Rs 6,446 crore in the corresponding quarter last fiscal year.

The revenues of the company jumped by 20.7% to Rs 36,854 crore in Q2 2019, compared with Rs 30,541 crore in the Q2 2018.

The company, in its board meeting held on Thursday, also declared a second interim dividend of Rs 4 per equity share.

During the quarter the company saw a net addition of 10,227 employees -- highest In 12 quarters.

Between July and September 2018, the company added four new clients In the $100M+ band, seven In the $20M+ band, 10 in the $10M+ band and 11 In the $1M+ band.

"Our Business 4.0 thought leadership framework, contextual knowledge, and full stakeholder capabilities differentiate us, and drive demand for our solutions and services. Our Machine First Delivery Model (MFDM"") and Location-Independent Agile methDds are helping customers Integrate automation deep Within their enterprise, and orchestrate a more effective human-machine Interplay to deliver superior customer experience at scale," company's CEO and MD Rajesh Goplnathan said.

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TCS net jumps 23% to Rs 7,901 crore

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