Shares of TCS touched a day’s high of Rs 2,065 on the NSE on Thursday, July 9, after its June quarter numbers came in largely as expected.

For the quarter, TCS reported a net profit of Rs 13,349 crore, up 4.6% from Rs 12,760 crore in the same period last year. Revenue grew 13.9% to Rs 72,275 crore, compared to Rs 63,437 crore a year ago.

On a sequential basis, revenue rose 2.2%, though profit was down nearly 2.7% from the previous quarter. The company’s order book remained healthy, with total contract value for the quarter coming in at $9.5 billion.

This included an $800 million AI led transformation deal with global industrial firm SKF, along with fresh agreements with ServiceNow and a Europe based Fortune Global 50 company.

TCS also said it expanded partnerships with players like Google Cloud, Anthropic and Mistral during the quarter. Operating margins stood at 24%, a bit lower than last year, largely due to the impact of annual wage hikes that were rolled out during the quarter.

CEO K Krithivasan said the results reflect continued growth momentum despite ongoing geopolitical and macroeconomic headwinds, pointing specifically to the company’s AI business, which now runs at a $2.6 billion annualised revenue rate, up 13.6% sequentially.

On the workforce front, TCS added 9,279 employees during the quarter, taking its total headcount to nearly 5.94 lakh. The board also announced an interim dividend of Rs 12 per share, with July 15 set as the record date and payout expected by July 31.

By the close of trade, TCS shares settled at Rs 2,049.50 on the NSE, down 0.39% for the day. The stock remains down around 36% so far this year.

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