Tata Consultancy Services Quarter 2 profit raised up to 34 percent

Tata Consultancy Services Quarter 2 profit raised up to 34 percent: India's largest IT company TCS shown its quarter 2 results up by 34 percent it is

5.4 percent is more compare to june quarter. where in Indias second largest it company Infosys show its second quarter profit 3.8%  last week. Compare to
the TCS the infosys result is some what low. for both and some other it companies like i Gate grown up to 3.6 percent. Behind this  result is Cloud computing  is the major source of income for all most all the IT companies in India.

Based on the results the  stock of TCS crossed its 52 weeks high and closed at 2215.40 it may grow up to 2350 on next trading session Wednesday.

According to the TCS CEO N Chandrasekaran  "It has been another great quarter. We have demonstrated all-round strong growth across markets and industries, highlighted by efficient and rigorous execution. Our ongoing investments in industry-led solutions and our efforts to provide insights and articulate the relevance of the digital revolution to business is helping us gain mindshare with customers and differentiate the
TCS brand in the market."

He told to the press  about the future: "We continue to see a robust demand pipeline across markets and a unique opportunity to strategically partner and participate with clients as they reimagine their future in multiple dimensions." The recovery in the US market and the rupee depreciation is helping many Indian IT companies, but TCS looks to be exploiting this advantage the most effectively.

According to the CFO Rajesh Gopinathan  "Strong volumes, currency tailwinds and firm execution helped us post industry-leading operating margins in this quarter. Our ability to manage operations with a degree of discipline has helped maintain the tempo of investments needed to sustain growth as well as
provide superior shareholder returns."

Based on the results of  Top two IT companies from India shown  excellent result it may lead to get  positive  tonic to the Indian stock market. On Wednesday IT stocks will perform in positive way.