IT services major Tata Consultancy Services Ltd reported an 8.7 per cent jump to Rs 11,342 crore in its consolidated net profit in the second quarter of FY24. TCS had reported a profit of Rs 10,431 crore in the same period a year ago. The IT major’s net profit jumped 2.4 per cent on a Quarter-on-Quarter (QoQ) basis.
The company also announced a share buyback for Rs 17,000 crore at a price of Rs 4,150 a share on October 11.
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