TCS reported a 15 per cent year-on-year jump in Q2 net profit to Rs 13,884 crore, beating expectations.

Revenue from operations rose 11.2 per cent to Rs 73,188 crore, with operating margin steady at 24 per cent.

Annualised AI revenue crossed US$3.1 billion, exceeding 10 per cent of total revenue for the first time.

Total contract value for the quarter stood at US$9.6 billion.

Big deals included a five-year Porsche partnership and the acquisition of Porsche’s consulting unit MHP.

The board declared a second interim dividend of Rs 12 per share, payable on October 30.

Constant-currency growth was a muted 0.5 per cent quarter-on-quarter, which analysts are watching closely.

The stock rallied nearly 6 per cent in two sessions and lifted the Nifty IT index.

Read the full article for more details on the TCS Q2 results.