Tata Consultancy Services (TCS), India’s leading IT services, consulting and business solutions company on Tuesday reported a consolidated net profit at Rs 4,633.33 crore for Q 2 registering a 35 per cent rise.

TCS had posted a profit of Rs During the same period last year the company reported Rs 3,434.37 crore.

Chief Executive Officer and Managing Director, N Chandrasekaran said , “We continue to see a robust demand pipeline across markets and a unique opportunity to strategically partner and participate with clients as they reimagine their future in multiple dimensions.”

“Our ongoing investments in industry-led solutions and our efforts to provide insights and articulate the relevance of the digital revolution to business is helping us gain mindshare with customers and differentiate the TCS brand in the market”, he added.

The total revenue grew 34.29 per cent to Rs 20,977.24 crore in the period under review from Rs 15,620.75 crore in the corresponding quarter last fiscal, Tata Consultancy Services (TCS) said in a filing to the BSE after close of market hours.

TCS said that growth in Q2 was broad-based with all industries contributing to this holistic performance. Growth was led by Life Sciences, Media, Energy & Utilities and BFSI. All core markets grew smartly with Europe, North America and UK leading the pack. There was balanced growth across IT and other service lines led by Asset Leverage Solutions, Assurance, Enterprise Solutions, Engineering Services and Infrastructure.

The company continued to hire to support business growth. There was a total gross addition of 17,362 people (net addition of 7,664 employees) taking the total employee strength of 285,250 employees on a consolidated basis. The utilization rate (excluding trainees) was at 83.4% and that including trainees was 75%. The attrition rate (LTM) was stable at 10.9 per cent including BPO. The attrition rate in IT was at 9.9 per cent, while BPO attrition was higher at 16.3 per cent.