TCS Q2 Results: Net profit up 11% as AI deal flow slowly picks up

Bengaluru: Tata Consultancy Services Ltd reported quarterly profit that topped analysts’ estimates, helped by cost-cutting measures and a gradually improving contract flow that helped drive growth at Asia’s largest IT services provider.Net profit rose 15% to ₹13,884 crore ($1.4 billion) in the three months through September, the company said in a statement on Thursday. Analysts expected ₹13,786 crore on average. Revenue climbed 11% to ₹73,188 crore, helped by a decline in the Indian rupee versus the dollar and the euro.TCS’…