Tata Consultancy Services (TCS) is set to release its Q2 results on October 10, also considering a second interim dividend. Eligible shareholders must be registered by the October 18 record date, as stated in the recent announcement by CEO K Krithivasan.
TCS, India’s premier IT services provider, has confirmed the upcoming announcement of its financial results for the quarter and half-year ending September 30, 2024. The announcement will include performance metrics and dividend considerations.
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Recently, TCS entered a two-year collaboration with McDonald’s to enhance and digitise the IT operations of over 760 McDonald’s outlets in the Philippines. This partnership aims to shift McDonald’s Philippine systems to the cloud, optimising operational efficiency.
In the first quarter of FY25, TCS reported an 8.7% year-on-year increase in consolidated net profit, reaching ₹12,040 crore. This compares to ₹11,074 crore from the same period last year, though it saw a slight dip from the previous quarter.
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CEO K Krithivasan expressed satisfaction with the strong start to the fiscal year, noting growth across all sectors and markets. Additionally, TCS previously announced an interim dividend of ₹10 per equity share.