#2QWithCNBCTV18 | Tata Group bellwether Tata Consultancy Services Ltd. (TCS) reported results for the September quarter after market hours on Thursday, October 8, which were in-line to marginally below analyst expectations.
TCS reported constant currency revenue growth of 0.5%, while the CNBC-TV18 poll had projected the figure to be 0.6%.
TCS’ revenue in rupee terms stood at ₹73,188 crore. The CNBC-TV18 poll had projected that figure to be ₹73,225 crore. On a sequential basis, TCS reported revenue growth of 1.3%. In US Dollar terms, TCS reported a topline of $7,642 million, which is in-line with the CNBC-TV18 poll estimate of $7,657 million.
TCS’ revenue from the Artificial Intelligence crossed the $3 billion mark during the September quarter, and now contributes to more than 10% of the overall company topline. AI revenue from the previous quarter stood at $2.6 billion.
Earnings Before Interest and Tax (EBIT) for the quarter stood at ₹17,553 crore, marginally lower than the CNBC-TV18 poll projection of ₹17,738 crore.
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