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

By Qadir AK October 18, 2019

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.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.