TCS Announced Strong Q2 Numbers, Profit Jumped by 6.7%
IT major TCS announced strong Q2 numbers. Profit stood at 7475 crores, a growth of 6.7%.
Consolidated revenue from operations for the quarter grew by 4.7 percent QoQ to Rs 4,01,350 crore, up 3.0%YoY. USD revenue stood at $5424 million up7.2% QoQ, down1.7%YoY.
Constant currency revenue was up 4.8% QoQ, down 3.2% YoY.
The operating margin of the company stood at 26.2% which excludes the legal provision
The net margin stood at 21.0%which excludes the legal provision
Cash flow from operations stood 125.9% which excludes the legal provision.
The bottom line was impacted by the provision of Rs 1,218 crore in the EPIC Systems Corporation legal case.
The company also announced a buyback of 16000 crores at 3000 per share.
The company also won deals worth $8.6 billion.
Net addition of 9,864 associates, closing headcount: 453,540, and an all-time low LTM attrition of 8.9% in IT Service.