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TCS Q2 Net Profits At Rs 6055 Crores; Dollar Revenues Lag Estimates


India's largest software services provider, Tata Consultancy Services reported a net profit of Rs 6055 crores for the quarter ending September 30, 2015, which largely met estimates. Revenue grew by 5.8 percent quarter-on-quarter to Rs 27,165 crore

TCS Q2 Net Profits At Rs 6055 Crores; Dollar Revenues Lag Estimates
The dollar revenue, which was placed at $4156 million, was tad below estimates. Volume growth was placed at 4.9 per cent quarter on quarter.

The board of directors of the company has declared an interim dividend of Rs 5.5 per share. Attrition rate for the company was 16.2 per cent.

The TCS stock closed at Rs 2597 on the NSE.

Read more about: tcs
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