Mumbai, October 9 (IANS). Tata Consultancy Services (TCS) on Thursday said the company’s profit declined 5 per cent year-on-year to Rs 12,131 crore in the second quarter of FY26, from Rs 12,819 crore in the previous quarter.
However, the company has seen an increase in its profits on an annual basis, which was Rs 11,955 crore in the same quarter of the last financial year.
The company said in an exchange filing that the income from operations in the July-September quarter was Rs 65,799 crore, which is 3.7 percent more than the income from operations of Rs 63,437 crore in the previous quarter (April-June).
The company’s total expenses have increased by Rs 1,345 crore on a quarterly basis to Rs 49,463 crore in the July-September period. There has been an increase of Rs 507 crore on an annual basis and it was Rs 48,956 crore in the second quarter of FY 25.
Along with the September quarter results, the company has declared a dividend of Rs 11 per share. The record date of the dividend will be October 15 and it will be paid on November 4.
Chief Executive Officer and Managing Director K. Krithivasan said, “I would like to thank all our employees for their dedication and excellence. We are on our way to becoming the world’s largest AI-based technology services company.”
Kritivasan said, “Our journey is based on bold transformation across talent, infrastructure, ecosystem partnerships and customer value. The investments, including building a world-class AI infrastructure business, reflect our commitment to this transformation.”
The Tata Group company has announced a strategic investment in a new business unit to build world-class AI infrastructure, including a 1 gigawatt capacity AI datacentre in India.
The TCS board has also approved the acquisition of ListEngage with deep capabilities in Salesforce.
–IANS
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