Here Are Some Major Takeaways From TCS's Second Quarter Earnings

Tata Consultancy Services (TCS) reported third-quarter earnings that were largely in line with analyst estimates, owing to a strong volume increase. Total revenues have increased 16.8 percent year on year to Rs 46,867 crore, up from Rs 40,126 crore in the preceding quarter. TCS had a net profit of Rs 9,008 crore in the previous quarter. The operating margin remained unchanged at 25.6 percent every quarter, although it declined by 0.6 percent year over year. According to TCS CEO Rajesh Gopinathan, the solid and sustained demand environment presents a once-in-a-decade opportunity to position TCS as its customers' preferred growth and transformation partner. With a +20.1 percent gain, India led the way, followed by Latin America (+15.2 percent), the Middle East and Africa (+13.8 percent), and Asia Pacific (+7.6 percent). Total staff strength at the end of Q2 was 528,748 on a consolidated basis, with net additions of 19,690 employees throughout the quarter. Women make up 36.2 percent of the workforce, while attrition increased by 3.3 percent to 11.9 percent in the quarter, up from 8.6 percent the previous quarter.