TCS to announce Q2 results on October 10; firm will also consider 2nd interim dividend

The company will also consider a declaration of a second interim dividend to the equity shareholders.

"The second interim dividend, if declared, shall be paid to the equity shareholders of the company whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Friday, October 18, 2024, which is the Record Date fixed for the purpose," the K Krithivasan-led company said in its exchange filing. 

Last month, the company said it has signed a two-year partnership with global fast-food chain McDonald's to standardise and digitise IT operations for over 760 of its restaurants in the Philippines.

Under the partnership, TCS will implement an advanced upgrade of McDonald's current systems in the Philippines to the cloud. 

"Tata Consultancy Services (TCS)...has signed a two-year partnership with George Yang-led Golden Arches Development Corporation (GADC), the master franchise holder of McDonald's in the Philippines.

"This partnership, which is TCS' first with the fast-food chain in the APAC region, aims to standardise and digitise the IT operations for 760+ McDonald's restaurants in the Philippines," a company statement said.

TCS will upgrade the IT infrastructure of GADC, resulting in better insights, improved decision-making, and optimized operational performance, the company's statement said.

Sequentially, however, the net profit fell 3.1% compared to the March quarter.

"I am pleased to report a strong start to the new fiscal year with all-round growth across industries and markets," K Krithivasan, Chief Executive Officer and Managing Director of TCS, said in a release.

TCS also declared an interim dividend of ₹10 per equity share of ₹1 each.