Daily News
View All NewsIndia – Tata Consultancy Services Q2 revenue down 3.2%
Tata Consultancy Services, an IT services firm, last week reported revenue fell 3.2% on a constant currency basis in its fiscal second quarter ended 30 September 2020.
Net income grew slightly by 0.2% in constant currency
| (USD millions) | Q2 2021 | Q2 2020 | % change | constant currency |
| Revenue | 5,424 | 5,517 | -1.7% | -3.2% |
| Gross profit | 2,219 | 2,253 | -1.5% | - |
| Gross margin percentage | 40.9% | 40.5% | - | - |
| Net Income | 1,012 | 1,139 | -11.1% | -0.2% |
Tata Consultancy Services’ consolidated headcount stood at 453,540 as of 30 September 2020.
Rajesh Gopinathan, Chief Executive Officer and Managing Director, said, “Driving accelerated business value realization of our customers’ digital investments has resulted in broad-based revenue growth. The strong order book, a very robust deal pipeline, and continued market share gains give us confidence for the future.”
Shares in Tata Consultancy Services last week stood at INR 2,735.95 (USD 37.25), up 0.8% on the day. The company has a market cap of INR 10.28 trillion (USD 139.9 billion).