Q2 Fiscal Year 2019-20 IT Sector Results Have a Mix Response

The IT giants Infosys, TCS, Wipro have declared their Q2 results for the fiscal year 2019-20. As per the reports, the collection has a mix response. Wipro saw a 35.1 percent rise in its net profit, while Tata Consultancy Services (TCS) saw a 1.8 percent year-on-year (YoY) rise. On the other hand, Infosys Q2 profit falls 2.2% YoY, however, it meets the Wall Street estimates.

Wipro posted a net profit at Rs 2,552 crore in Q2 results, TCS net profit is Rs 8,042 crore for Q2FY20 while Infosys posted a profit of Rs 4,110 crore. The IT giants declared these results on 11th October after the financial quarter ended in September 2019.