TCS Q3 results: From profitability to dividend; here are key takeaways
The IT heavyweight has reported 10.98% YoY rise in its consolidated net profit at ₹10,883 crore, while consolidated revenue from operations jumped 19.11% YoY to ₹58,229 crore.
The IT heavyweight has reported 10.98% YoY rise in its consolidated net profit at ₹10,883 crore, while consolidated revenue from operations jumped 19.11% YoY to ₹58,229 crore.
Tata Consultancy Services reports net profit of ₹10,883 crore for Q3, up 11% year-on-year.
The IT heavyweight is likely to report moderate growth in the top and bottom line, while margins are expected to improve due to ease in supply side pressure.
Central banks will be able to manage the issuance and distribution of CBDCs, says TCS.
The company’s revenue surged 18% YoY to ₹55,309 for the September quarter, while its revenue in constant currency grew 5.4% on a year-on-year basis.
TCS' attrition rate remains high at 21.5% on an annualised basis. The board declares a 2nd interim dividend of ₹8 per share.
Tata Consultancy Services has clarified that there is no delay in payment of variable pay to its employees and they will get 100% for the June quarter.
TCS' staff strength stood at 606,331 as on June 30, a net addition of 14,136 during the quarter.
TCS' revenue rises 16.2% YoY to ₹52,758 crore during the April-June quarter of 2022; TCS announces a dividend per share of ₹8
TCS is expected to register 3% QoQ growth in constant currency in Q1 FY23, while EBIT margins are expected to decline 110 bps quarterly to 23.9%.