Mumbai34 minutes ago
- copy link
Tata Group company Tata Consultancy Services (TCS) has made a profit (consolidated net profit) of Rs 12,075 crore in the second quarter of the financial year 2025-26. There has been an increase of 1.4% on annual basis. In the same quarter of the last financial year, the company had made a profit of Rs 11,909 crore.
The company generated revenue from operations of Rs 65,799 crore in the July-September quarter. It has increased by 2.4% on annual basis. The company had generated a revenue of Rs 64,259 crore in the same period last year. The amount received from selling goods and services is called revenue. This does not include tax. The company released the results for the July-September quarter on October 9.
TCS will give dividend of Rs 11 per share
The company has announced a dividend of Rs 11 per share to its shareholders. The record date for this has been fixed as October 15. Companies also give some part of their profits to the shareholders, this is called dividend.
TCS to build 1 gigawatt AI data center in India
Along with the results, Tata Consultancy Services has made big announcements in the field of Artificial Intelligence.
- The company is making a big investment to build a world class AI data center of 1 gigawatt (GW) capacity in India, which will handle huge AI related tasks.
- TCS has approved to buy List Engage, an American company working in Salesforce technology, for Rs 646 crore. This will improve the services provided to the customers.
- The company has organized the world’s largest AI hackathon for its more than 2,75,000 employees, so that every employee can learn to use AI in their work.
Tata Consultancy Services shares fell 28% in 1 year
Ahead of the results of the second quarter of the financial year 2025-26, TCS shares closed at Rs 3,060 today i.e. October 9, rising by Rs 33. The company’s shares have fallen 0.35% in the last one month, 5.74% in six months, 28.05% in one year and this year i.e. from January 1 till now 25.59%. The market value of the company is Rs 11.08 lakh crore.
TCS was established in 1968
Tata Consultancy Services (TCS) is an Indian multinational information technology (IT) company. It is a subsidiary company of Tata Group. TCS was founded in 1968 as ‘Tata Computer Systems’. TCS became a public listed company on 25 August 2004.
In 2005, it became the first company in India to enter the informatics market. In April 2018, it became the first IT company in the country with a market capitalization of $ 100 billion. The current market cap of the company is Rs 14.17 lakh crore. It operates at 149 locations in 46 countries.
——————————
Read this news also…
Controversy in the group after Ratan Tata’s departure: Government had to intervene, today is the first death anniversary; Know what changed from leadership
Today is the first death anniversary of Ratan Tata. He died last year on 9 October 2024 at the age of 86. After this, there have been many major changes in leadership in Tata Group. Apart from this, many controversies are going on in the group since his departure.
Click here to read the full news…
Source link
[ad_3]
