TCS Q2 results: Tata Consultancy Services sees 9% YOY rise in profit, beats estimates

TCS Q2 results today: Tata Consultancy Services (TCS), India’s largest IT firm, announced a 9% year-on-year (YoY) increase in consolidated net profit for the quarter ending September 2023, reaching Rs 11,342 crore. Consolidated revenue showed nearly 8% YoY growth, reaching Rs 59,692 crore, according to an ET report. In terms of sequential growth, revenue had…

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Tata Communications completes acquisition of US-based company Kaleyra

Tata Communications had entered into a definitive agreement with Kaleyra Inc to acquire it through Tata Communications Limited. The transaction has now been completed upon receipt of the approval by Kaleyra’s stockholders, necessary regulatory approvals, and fulfilment of other customary closing conditions. Under the terms of the agreement, Tata Communications Limited has paid an aggregate…

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