TCS shares fall 3% post Q3; should you buy, sell or hold the IT stock?
Most of global brokerage houses have maintained cautious stances on TCS shares post its December quarter results.
tcs q3 results
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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.
TCS revenue jumps 19.1% to ₹58,229 crore; profit at ₹10,883 cr
Tata Consultancy Services reports net profit of ₹10,883 crore for Q3, up 11% year-on-year.
TCS stock rises 3% ahead of Q3 results; here’s what to expect
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.
Q3 perks up for TCS, Infosys, Wipro on robust demand
CEO Rajesh Gopinathan says Q3 was one of the best quarters TCS has “enjoyed” in many years, as “the broad-based nature of the growth is the stand-out feature.”
TCS Q3 net profit rises 12% to ₹ 9,769 crore, board approves ₹7 dividend
Total revenue jumped to ₹48,885 crore during the quarter ended December 31, 2021, as against ₹42,015 crore during the same period a year ago.
Infosys, Wipro to post robust Q1 earnings: analysts
Brokerage houses expect Infosys to raise its FY22 revenue growth guidance, while wage hikes and hiring might hit margins for the IT majors.
TCS expects single-digit growth in FY20
India’s biggest IT company grew at the slowest pace among peers, reported flat profit in Q3. CEO Rajesh Gopinathan termed the muted performance as a “short-term phenomenon”.
