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TCS Q2 PAT at Rs 5244 crore

| | Oct 17, 2014, at 07:24 am
New Delhi, Oct 16 (IBNS) Leading IT services, consulting and business solutions firm Tata Consultancy Services on Thursday reported a net profit at Rs. 5,244 crore down 5.8 % Q-o-Q, up by 13.5 percent Y-o-Y.

The company said its Consolidated revenue grew by 7.7 percent to Rs 23,816 crore in July-September quarter.

Commenting on the Q2 performance, Chief Executive Officer and Managing Director, N Chandrasekaran said: “Driven by strong volumes and robust utilization rates, this has been a quarter of steady, consistent performance. Our well-rounded showing has been highlighted by broad-based growth in our key markets, industries and services as we continued to deepen our engagement with customers.”

Chandrasekaran added: “Our customers are focused on using Digital technologies to reimagine their business in multiple dimensions and with our significant investments as well as deep capabilities in these areas, we remain well positioned to act as a catalyst and enable their business innovation across the enterprise.”

Rajesh Gopinathan, Chief Financial Officer, said: “We remain focused on supporting business growth by optimizing our operations and maintaining margins in our desired range. Our cash generation has been strong resulting in high cash conversion ratios and we continue to make investments for the business growth.”
 

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