On quarter-on-quarter (QoQ) basis, the profit grew 16.4 per cent from Rs 7,475 crore posted for the quarter ended September 2020 (Q2FY21). A meeting of the Board of Directors of Tata Consultancy Services Limited is scheduled to be held on Friday, January 8, 2021, to inter alia: To approve and take on record the audited financial results of the Company under Indian Accounting Standards (Ind AS) for the quarter and nine months ending December 31, 2020. Earlier this week, Tata Sons tendered shares worth ₹9,997 crore of Tata Consultancy Services during the IT major's ₹16,000 crore-buyback offer. The company provided EPS guidance of $0.35-0.40 for the period, compared to the consensus estimate of $0.21. Updated: 17 Jan 2020, 04:34 PM IST Edited By Surajit Dasgupta. TCS will be distributing a 1:1 bonus issue of equity shares. Topics
NEW DELHI: Tata Consultancy Services, India's largest IT exporter in terms of revenues, on Friday said its profit rose 7.18 per cent YoY to Rs 8,701 crore in December quarter compared with Rs 8,118 crore in the corresponding quarter last year. Strong Demand Drives TCS Q3 Growth Momentum [January 08, 2021] Strong Demand Drives TCS Q3 Growth Momentum. TCS Q3 profit jumps 7% YoY to Rs 8,701 cr, announces dividend at Rs 6/share On quarter-on-quarter (QoQ) basis, the profit grew 16.4 er cent from Rs 7,475 crore posted for the quarter ended September 2020. The firm had posted a profit of Rs 8,118 crore in the same quarter last year (Q3FY20). Remove some to bookmark this image. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Tata Consultancy Services Ltd, India’s leading IT services company, reported its best ever growth for the December quarter in nine. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. NEW YORK and MUMBAI, India, Jan. 8, 2021 /PRNewswire/ -- Tata Consultancy Services (BSE: 532540, NSE: TCS), the leading global IT services, consulting and business solutions organization, reported its consolidated financial results according to Ind AS and IFRS, for the quarter ending December 31, 2020.
Log in to our website to save your bookmarks. All these augur well to progress our 25x25 future of work vision," said N Ganapathy Subramaniam, Chief Operating Officer & Executive Director, TCS. 2 analyst firms have reported ratings in the last year. TCS has been returning cash to shareholders consistently … "Looking beyond the immediate business growth opportunity, we are tremendously excited by what lies ahead. On Friday, the company's scrip on BSE closed nearly 3% higher at ₹3,120.35. We are entering the new year on an optimistic note, our market position stronger than ever before, and our confidence reinforced by the continued strength in our order book and deal pipeline." Inside The Race To Save The Only Woman On Federal Death Row; America in 2021: Racial Progress in … "Our Q3 growth is a very satisfactory outcome of our ability to leverage the proactive investments made to capture the strong demand and be meaningful to our clients. It'll just take a moment. Cloud is enabling a new class of boundaryless organizations, that can seamlessly partner and collaborate within larger ecosystems to create innovative purpose-driven offerings to customers. The stock rose 32.4 percent in 2020 and 15 percent during the quarter ended December 2020. In case you can’t find any email from our side, please check the spam folder. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. New Delhi: IT major Tata Consultancy Services (TCS) on Friday reported 7% increase in net profit for the quarter ending 31 December, 2020 at ₹8,701 crore as against ₹8,118 crore in the year-ago period. NEW YORK and MUMBAI, India, Jan. 8, 2021 /PRNewswire/ -- Tata Consultancy Services (BSE: 532540, NSE: TCS), the leading global IT services, consulting and business solutions organization, reported its consolidated financial results according to Ind AS and IFRS, for the quarter ending December 31, 2020. Enjoy Reading! Digital Editor. The revenue rose by 4.1 per cent QoQ and 0.4 per cent YoY in constant currency terms. TCS' consolidated headcount stood at 469,261 as of December 31, 2020 while its IT services attrition rate (LTM) was at 7.6 per cent, its lowest ever. We celebrated the accomplishment of our Enterprise Agile by 2020 vision during the quarter, and with SBWS™, we have a well-oiled location-independent execution model that brings in the resources just in time, efficient execution, and machine-led delivery governance that are delighting our customers. TCS — India’s largest software services company — on Friday reported 7.17 per cent on-year rise in the consolidated net profit to Rs 8,727 crore for the third quarter ended December 31, 2020. Your support through more subscriptions can help us practise the journalism to which we are committed. It is a strong endorsement of our resilience, way of working and the relative competitiveness of our products and services. S&P 500 3,726.86 (+0.71%) Ans. Its shares are up 38% over the past year, outperforming the Sensex’s 19% climb. We are entering the new year on an optimistic note, our market position stronger than ever before, and our confidence reinforced by the continued strength in our order book and deal pipeline," said Rajesh Gopinathan, Chief Executive Officer and Managing Director, TCS. Commenting on the Q3 performance, Rajesh Gopinathan, Chief Executive Officer and Managing Director of the company said: "Growing demand for core transformation services and strong revenue conversion from earlier deals have driven a powerful momentum that helped us overcome seasonal headwinds and post one of our best performances in a December quarter. TCS said its aboard has approved payment of an interim dividend of Rs 12 per share for the financial year 2019-20. We, however, have a request. On a YoY, constant currency basis, Life Sciences and Healthcare continued to grow in double digits at 18.2%. Looks like you have exceeded the limit to bookmark the image. Home; Biz. Dividend Summary For the year ending March 2020 Tata Consultancy Services has declared … No Result . Our intimate knowledge of our customers' business contexts, our strong relationships across ecosystems, and our continued investments in research and innovation make us their preferred partner in their growth and transformation journeys," he added. The Mumbai-based company said revenue from the banking and finance industries, its top revenue contributor, jumped 7.6% year-over-year to ₹16,655 crore in the December-quarter. Russia's TCS Group, which owns Tinkoff Bank, reported a 30% rise in third-quarter net profit on Thursday and reinstated its pre-pandemic financial forecast for the full year. TCS said over 5.33 crore equity shares were bought back under the offer at a price of ₹3,000 apiece and out of the total, Tata Sons' 3,33,25,118 shares were accepted under the buyback offer. The Mumbai: India’s largest IT services exporter Tata Consultancy Services (TCS) reported a 7.18% YoY jump in net profits during the third quarter (Q3) for the financial year 2020-21 (FY21).TCS Q3 FY21 net rose to Rs 8,701 crore as compared to Rs 8,118 crore in the year-ago period. In dollar terms, revenue grew at 5.1 per cent sequentially from $ 5.424 billion reported in Q2FY21. View All Result . The firm said it was the strongest third quarter growth in 9 years. Deutsche Bank to pay $100 million to avoid bribery charge, Flipkart, Swiggy reject all allegations of tax evasion, Sebi bans Mountain View Developers and three people for six months, 'Growing demand for core transformation services and strong revenue conversion from earlier deals have driven a powerful momentum that helped us overcome seasonal headwinds,' says TCS CMD. TCS Q3 profit jumps 7% YoY to Rs 8,701 cr, announces dividend at Rs 6/share Business Standard | 56 mins ago IT major Tata Consultancy Services on Friday posted a 7.18 per cent year-on-year (YoY) rise in its December quarter (Q3FY21) profit at Rs 8,701 crore. The September quarter net profit had a post-tax one-time impact of Rs 958 crore due to provision for ongoing litigation with EPIC, the company said in a press release. 1 2 Strong Demand Drives TCS Q3 Growth Momentum. What is the TCS Net Worth 2020? The company announced interim dividend of ₹6 per share for which the record date is 16 January and payment date is 3 February. UPDATE – TCS will release the result for Quarter 4 on 16th April 2020 after 3:00 PM. Q3. document.write("");googletag.cmd.push(function(){googletag.defineOutOfPageSlot('/6516239/outofpage_1x1_desktop','div-gpt-ad-1490771277198-0').addService(googletag.pubads());googletag.pubads().enableSyncRendering();googletag.enableServices();}); The company's revenue came in at Rs 42,015 crore, up 5.42 per cent YoY and 4.68 per cent QoQ. Nirmal Bang Institutional Equities had expected TCS to deliver CC revenue growth of 4 per cent QoQ and dollar revenue growth of 4.5 per cent QoQ. You are now subscribed to our newsletters. Tata Consultancy Services | Q3 results | Markets, SI Reporter |
It further announced interim dividend of ₹6 per equity share as results beat analysts' estimates. TCS Dividend Payment Details. Breaking News. Segment-wise revenue distribution All verticals showed good sequential revenue growth, led by Manufacturing (+7.1%), BFSI (+2%), Life Sciences and Healthcare (+5.2%), Communications & Media (+5.5%) and Retotil otnd CPG (+3.1%), the company said. CLICK HERE TO READ ANALYSTS' EXPECTATIONS. This is more than ET Now poll of analysts which pegged the same at Rs 8,600 crore. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. This is the strongest December quarter growth in nine years, TCS said TCS Q3 net profit rises 7% to ₹ 8,701 cr; announces interim dividend of ₹ 6 … The analyst firm set a price target for 10.00 expecting TCS to rise to within 12 months (a possible 7.53% upside). Moreover, it is a direct beneficiary of the persistent market share loss of key players such as Capgemini and Cognizant," the brokerage had said in an earnings preview note. This boundaryless value creation, supported by the seamless fabric of technology enabled by cloud together the seamless fabric of talent enabled by our SBWS™, will redefine industry after industry over the longer term. Tata Consultancy Services Limited has informed the Exchange regarding a press release dated December 23, 2020, titled "TCS Honored with CII Industrial IP Award 2020 for Best Patents Portfolio". More than 3.33 crore shares during the it major 's ₹16,000 crore-buyback offer of FY21 instance! Their 25th Annual General Meeting issue of equity shares the corresponding period fiscal. What lies ahead the Mint ePaperMint is NOW on Telegram for its cloud Services during the offer, according a! And Services company 's scrip on BSE closed nearly 3 % higher at ₹3,120.35 more subscriptions can us... 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