TCS Q2 Earnings Live: Margin, Revenue Beat Street Estimates,
Strong hiring, likely business improvement, and a decent dividend yield are positives
The IT behemoth said it is helping its mature customers set up AI offices to rapidly turn ideas into AI Proof of Concept (PoC), and then to into production.
Vertical-wise, BFSI, further consolidated its position with a growth of over 6 percent. BFSI platform also showed strong acceleration. Retail, life sciences and energy continued their strength.
Revenues jumped 16.6 percent quarter-on-quarter (up 34.3 percent year-on-year) to Rs 20,977 crore, driven by highest volume growth in last nine quarters.
The company has been the consistent performer in technology space. Investors will closely watch TCS' quarterly earnings after its rival Infosys reported higher-than-expected revenues in Q2 and surprised the street by revising FY14 guidance to 9-10 percent from 6-10 percent earlier.