Tata Consultancy Services (TCS) on Thursday announced that its press conference for Q2FY2025, scheduled originally to be held at 5:30 pm, is cancelled. In a regulatory filing, the company said, “We hereby inform you that the press conference for Q2FY2025 scheduled to be held at 5:30 PM (IST) on Thursday, October 10, 2024, stands cancelled. The other events would be held as per schedule. The revised schedule of events is attached herewith.”
The cancellation of the press conference and interviews comes due to the demise of Ratan Tata, the chairman of Tata Sons and recipient of India’s second highest civilian honour, Padma Vibhushan. Ratan Tata, 86, passed away on Wednesday at Mumbai’s Breach Candy Hospital. He was in a critical condition and was under intensive care.
Meanwhile, TCS posted its fiscal second quarter earnings with profit at Rs 11,909 crore, recording a growth of 5.0 per cent in comparison to Rs 11,342 crore during the corresponding quarter of previous financial year. It posted revenue from operations at Rs 64,259 crore, up 7.7 per cent as against Rs 59,692 crore during the second quarter of FY24.
For the previous quarter, the IT major had recorded a profit growth of 8.7 per cent YoY at Rs 12,040 crore despite degrowth in several businesses. Revenue for the quarter was reported at Rs 62,613 crore, up 5.4 per cent and 4.4% YoY in constant currency. Net margin for the quarter ending June 30, 2024 was at 19.2 per cent.
Meanwhile, industry leaders from across the country paid their tributes to Ratan Tata.
From: financialexpress
Financial News
