TCS posts better than expected Q2 results

TATA Consultancy Services (TCS) beat the market outlook by posting decent Q2 numbers following in Infosys path.

The net profit was at Rs 1,640 crore vs Rs 1,533 crore QoQ (Quarter-on-Quarter). The results are up 3.2% QoQ and 6.9% YoY.

TCS is expected to announce Full VA for its employees  for the Q2 this month.

The positive results is expecte to boost IT stocks in the market despite Climbing Rupee.