BSNL ramp-up continues to fuel growth

Company
11 Oct 2024
5 Min read 
  • TCS reported 2QFY25 results with revenue of USD7.6b, up 2.2% QoQ.
  •  EBIT margins came in ~40bp below estimate at 24.1%.
  •  PAT was down 1.2% QoQ/ up 5.1% YoY at INR120b.
  •  TCS reported a deal TCV of USD8.6b, within its usual range.
  •  Growth was primarily driven by the BSNL ramp-up.
  •  TCS expects the furlough situation to remain the same as last year.
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