TCS cancels Q2 earnings press conference after Ratan Tata's death; reports 5% profit increase.

Tata Consultancy Services (TCS) canceled its Q2 earnings press conference following the death of Ratan Tata, former chairman of Tata Sons, at age 86. TCS reported a profit of Rs 11,909 crore for Q2, a 5% increase year-over-year. Tributes poured in from industry leaders, with many highlighting Tata's humanitarian contributions and leadership. The company will still release its financial results post-board meeting, despite the press conference cancellation.

October 10, 2024
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