Mumbai, Oct 9 (PTI) India's largest IT services firm Tata Consultancy Services (TCS) on Thursday reported a nearly 1.4 per cent increase in consolidated net profit to Rs 12,075 crore in the July-September quarter on a wider profit margin.

Revenues from operations for the second quarter of FY2025-26 rose by 2.39 per cent to Rs 65,799 crore, up from Rs 64,259 crore in the year-ago quarter, according to a regulatory filing by TCS, which kicked off the Q2 earnings season for tech firms.

The company, which had stunned all in July by announcing plans to lay off 12,000 employees, reported a 20,000 drop in the overall headcount at the end of the quarter and disclosed that it took a Rs 1,135 crore hit due to severance packages offered to mid-to-senior level employees who were asked to go.

TCS al

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