TCS Q2 net down 2.1% to Rs 6,446 cr

Tata Consultancy Services (TCS), India's largest software services company, Thursday said its net profit fell 2.1 per cent to Rs 6,446 crore in the September quarter of the current fiscal. The Mumbai-based company had posted net profit of Rs 6,586 crore in the July-September quarter of last fiscal, the company said in a BSE filing. TCS registered revenues at Rs 30,541 crore in the second quarter of 2017-18, up 4.3 per cent from Rs 29,284 crore in the year-ago period. The company has declared a dividend of Rs 7 per share. "We experienced robust volume growth in Q2, driven by good demand across multiple industry verticals... Large deal wins this quarter, a good pipeline, and bottoming out of the retail sector softness positions us well," TCS CEO and MD Rajesh Gopinathan said.