TCS Q2 Results Live Updates: IT giant likely record single-digit growth amid significant contract wins, emphasis on buyback

 TCS Q2 Results Live Updates: IT giant likely record single-digit growth amid significant contract wins, emphasis on buyback

Live TCS Q2 Results: Today, October 11, Tata Consultancy Services (TCS) will release its July-September quarter results for fiscal 2023–24 (Q2FY24). D-Street experts anticipate that the biggest exporter of software services from India will record revenue and profit growth in the single digits despite ongoing global economic pressures on the information technology (IT) industry. Market participants are eagerly awaiting the TCS board's statements as it will be debating a share repurchase plan at its meeting today. The IT powerhouse will be repurchasing shares for the seventh time in the last six years.

Follow our TCS Q2 Results Live Blog for the most recent information from the top IT company:

Oct. 11, 2023, 8:58:12 IST

Live TCS Q2 Results: On Tuesday, TCS share prices declined.

On Tuesday, October 11th, TCS's share price finished 0.22% down at Rs. 3,629.20 a unit before the release of the company's Q2 earnings today. TCS stock decreased 0.24% to $3,629.50 per share on the NSE.

Oct. 11, 2023, 8:45:33 IST

Live TCS Q2 Results: IT giant will announce moderate profit growth; emphasis on share buyback

On Wednesday, October 11, Tata Consultancy Services (TCS), the biggest exporter of software services from India, will release its financial results for the three months ending in September 2023. On a sequential basis, the IT major is anticipated to achieve 0.5% revenue increase in constant currency terms and 0.3% revenue growth in USD. TCS's net profit is anticipated to increase by 1.1% in the second quarter of FY24. Observe the TCS Q2 earnings preview here.

11 October 2023, 8:00:31 IST

Live TCS Q2 Results: TCS will report a single-digit sales and profit increase.

The biggest exporter of software services in India, TCS, is anticipated to report revenue and profit growth in the single digits for the quarter ending September 2023. According to experts, lesser discretionary tech spending and a delay in transaction execution would limit the revenue growth for the IT industry.

However, demand is still high, which could lead to another strong deal flow and a robust rebound in H2FY24.

Oct. 11, 2023, 8:17:54 IST

Live TCS Q2 Results: TCS will declare a share repurchase.

On October 11, the TCS board will also discuss a share repurchase proposal at its meeting. In the last six years, it has repurchased shares five times.

TCS said in its BSE filing on October 6 that "the Board of Directors will consider an suggestion for the buyback of equity shares of the Company, at a meeting scheduled to be held on October 11, 2023."

Oct. 11, 2023, 8:02 IST

Live TCS Q2 Results: Today, an IT giant will release its September quarter results.

Today, October 11, Tata Consultancy Services (TCS), the biggest exporter of software services from India, will release its financial results for the three months ending in September 2023.