TCS profit logs 5% growth in Q2; revenue up 7.6%

MUMBAI: Tata Consultancy Services, the largest software exporter from the country, has logged in a 5% growth in net income at R11,909 crore, earning an 18.5% profit margin from a R64,259-crore revenue that has clipped at 7.6% y-o-y in the September quarter.

Following the passing of Ratan Naval Tata late Wednesday night due to age-related ailments, the emeritus chairman of the group as well as the parent Tata Sons, has called off the planned post-earnings presser to mourn the timely demise of its ex-chairman under whom it has become the largest software exporter and also the group’s cash cow.