TCS's profitability jumps in Q2FY17
DSIJ Intelligence / 13 Oct 2016
TCS has declared its Q2FY17 results on Thursday after market closure. On quarterly front, its top line has increased by just 0.1 per cent to Rs 29284 crore in Q2FY17 as compared to previous quarter.
TCS has declared its Q2FY17 results on Thursday after market closure. On quarterly front, its top line has increased by just 0.1 per cent to Rs 29284 crore in Q2FY17 as compared to previous quarter. The company’s operating income too has risen by 3.7 per cent to Rs 7617 crore in Q2FY17 on a quarter on quarter basis. TCS’s bottom line has boosted by 4.3 per cent to Rs 6586 crore in Q2FY17 as compared to previous quarter.
On yearly basis, TCS’s revenue has increased by 7.8 per cent to Rs 29284 crore in Q2FY17 as compared to same period in previous financial year. Its operating income too has risen by 3.6 per cent to Rs 7617 crore in Q2FY17 on a yearly basis. TCS’s net profit has boosted by 8.8 per cent to Rs 6586 crore in Q2FY17 as compared to same period in previous financial year.
During Q2FY17, TCS’s Life Sciences and Healthcare has grown by 4.7 per cent, Energy and Utilities is up by 3.6 per cent, Manufacturing has increased by 3.1 per cent, Travel and Hospitality is up by 2.3 per cent and Communication and Media has grown by 2 per cent. TCS added one client for USD 50 million band and six clients for USD 20 million band during Q2FY17.
On Thursday, the share price of TCS decreased by 2.17 per cent on bourses and closed at Rs 2328.5 on intraday basis.
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