For the second quarter ended September r2019, TCS announced a 1.8% growth in net profits at Rs.8042 crore. Overall revenues for the quarter grew by 5.8% to Rs.38,997 crore. This was lower than what the street was expecting. TCS had faced some real pressure in its core business areas due to intense competition, pricing pressures due to competition and also reduced client spending on IT due to the lower growth in the quarter. Digital continued to dominate the revenues of TCS and her TCS offers the best bet among IT companies.

The company also declared a special dividend of Rs.40 over and above its normal regular dividend of Rs.5/share taking the total dividend payout to an attractive level of Rs.45/share for the second quarter. However, a lot will also depend on how the Infosys results pan out when they are announced on Friday, although Infy is expected to announce better than expected results.