Executive News Wire
Fact-first intelligence synthesized across 12+ news agencies. Zero sensationalism.
Fact-first intelligence synthesized across 12+ news agencies. Zero sensationalism.
MUMBAI [NCRBuzz Wire] — **Tata Consultancy Services demonstrated resilient financial performance in the second quarter, posting a 15% year-on-year surge in net profit to reach Rs 13,884 crore.** The IT services giant benefited from broad-based international demand, lifting total quarterly revenues by 11% compared to the corresponding period of the previous fiscal year.
### Financial Metrics & Operating Performance
**TCS registered an operating margin of 24%, reflecting minor compression amid ongoing wage revisions and strategic investments in digital infrastructure.** Despite margin pressures, the company achieved a major corporate milestone as its cumulative artificial intelligence (AI) revenue surpassed the USD 3 billion threshold.
| Metric / Aspect | Details |
|---|---|
| Net Profit (Q2) | Rs 13,884 Crore (Up 15% YoY) |
| Revenue Growth | Up 11% YoY |
| Operating Margin | 24% (Compression noted) |
| AI Revenue Milestone | Exceeded USD 3 Billion |
| Interim Dividend | Rs 12 Per Share |
| Campus Onboarding | 10,000 Graduates in Q2 |
### Workforce Expansion & Corporate Actions
**The board of directors approved an interim dividend of Rs 12 per share, reinforcing shareholder returns amidst stable cash flows.** On the human resources front, TCS successfully onboarded 10,000 campus graduates during the quarter and outlined plans for further hiring on an agile, demand-driven basis moving forward.
The corporate results reflect broader recovery trends in global enterprise IT spending, as large tech conglomerates increasingly pivot toward artificial intelligence integration and cloud optimization to offset macroeconomic pressures.
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