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    Home ยป Tata Consultancy Services to Report Second-Quarter Results
    News

    Tata Consultancy Services to Report Second-Quarter Results

    October 10, 20232 Mins Read
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    Net Profit Forecast

    Tata Consultancy Services is expected to post an 8.8% increase in net profit to 113.50 billion Indian rupees ($1.36 billion) for the quarter ended Sept. 30, according to a poll of analysts by FactSet. This marks a significant improvement from the INR104.31 billion net profit recorded in the year-earlier period.

    Revenue Forecast

    Second-quarter revenue is estimated to have risen 9.0% from a year earlier to INR602.75 billion, according to the FactSet poll.

    What to Watch

    Banking Industry

    The banking, financial services, and insurance industry remains Tata Consultancy Services’ largest client segment. During the first quarter, profit from this sector increased by 5.6% compared to the previous year. With ongoing global economic uncertainty, investors are keen on monitoring the pace of profit growth in this segment.

    Dividend Consideration

    Tata Consultancy Services’ board is set to consider the potential distribution of an interim dividend on Wednesday. In July, the company announced an interim dividend of INR9.00 per share. Investors are eagerly awaiting news about the size of the upcoming dividend.

    Workforce Growth

    In the last quarter, Tata Consultancy Services added 523 workers, resulting in a total workforce of 615,318 employees as of the end of June. Investors are closely monitoring the pace of headcount growth.

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    Banking Industry Dividend Consideration Net Profit Forecast Revenue Forecast Second-Quarter Results Tata Consultancy Services Workforce Growth
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