TCS Cancels Q2 FY25 Earnings Press Conference Following Ratan Tata’s Passing

In light of the passing of industrialist Ratan Tata, Tata Consultancy Services (TCS) has decided to cancel its usual press conference following the announcement of its Q2 FY25 results, which are set to be revealed on October 10, 2024, after market hours. 

The press conference was initially scheduled for 5:30 PM on Thursday. TCS officials confirmed that the company would still inform the exchanges about its performance for the July-September quarter after the board meeting, adhering to their regular disclosure practices. 

While the press conference has been called off as a mark of respect, TCS will proceed with a scheduled call with analysts at 7 PM to discuss the financial results. 

Ratan Tata, a respected figure known for his contributions to the Indian industrial landscape and philanthropy, passed away on October 9 at Breach Candy Hospital in Mumbai, leaving a significant legacy in the business community.

In the quarter ending June 30, 2024, TCS reported revenue of ₹62,613 crore, reflecting a year-on-year increase of 5.4%, or 4.4% in constant currency. The net income for the period was ₹12,040 crore, showing a growth of 8.7% year-on-year. Additionally, the profit for the quarter reached ₹12,105 crore, up from ₹11,120 crore during the same period in 2023.

On October 10, 2024, TCS share price opened at ₹4,253.25, touching the day’s high at ₹4,290.00, as of 11:15 AM on the NSE.

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