TCS Beats Q2 Revenue Estimates on AI Demand
Tata Consultancy Services reported a higher-than-expected September-quarter revenue as AI-led demand and banking growth boosted the Indian software provider. Consolidated revenue rose 11.2 percent to 731.88 billion rupees while quarterly net profit climbed 15 percent.
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Tata Consultancy Services posted an 11.2% rise in consolidated revenue to 731.88 billion rupees ($7.57 billion) for the September quarter, beating analyst estimates. The revenue beat in India's largest software services provider was driven by AI-led demand and growth in its banking vertical.
