Tata Consultancy Services (TCS) posted a 1.1 per cent quarter-on-quarter (QoQ) fall in net profit for the second quarter ended September 30 to Rs 11,909 crore, but is 5 per cent up (YoY).
Indian stock indices moved higher as the Friday session progressed and in the process touched a fresh high, triggered by the latest moderation in US inflation, better-than-expected TCS results, and lack of negative market fundamentals.
Krithivasan said, "In an environment of global macro uncertainty, we are staying close to our customers and helping them execute on their core priorities with TCS' portfolio of offerings, innovation capabilities and thought leadership."