TCS revenue grows 5.8% to $5.5 bn, adds 14,097 employees in Q2

Tata Consultancy Services (TCS) announced its financial results for the second quarter ending September 30, 2019.
TCS Netherlands
TCS, the largest software firm in India, has reported 5.8 percent increase in the second quarter revenue to $5.517 billion.

Net income of TCS rose 1.8 percent to $1.139 billion. Operating margin of TCS reached 24 percent.

Digital revenue of TCS was 33.2 percent of total revenue clocking 27.9 percent increase in the digital revenue.

Life Sciences & Healthcare achieved 16 percent and Communications & Media grew 11.8 percent in Q2.

TCS said the revenue growth in UK was 13.3 percent. Revenue growth of TCS in Europe was 16 percent.

TCS added 14,097 employees, showing the highest number of employees joining TCS in a quarter.

TCS CEO Rajesh Gopinathan said: “We ended the quarter with steady growth despite increased volatility in the financial services and retail verticals.”

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