Tata Consultancy Services
TCS ‘consolidated net profit for the third quarter (October-December) of the current financial year rose 7.2 percent to Rs 8,701 crore.
During the quarter, the company’s revenue rose 5.4 percent to Rs 42,015 crore, compared to Rs 39,854 crore in the same quarter of the previous financial year. The company said that this is the strongest December quarter growth in nine years.
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TCS Chief Executive Officer (CEO) and Managing Director Rajesh Gopinathan said, “We were able to register one of our best performances during the December quarter with strong turnaround services and strong earnings from old deals.” The company is entering the new year with expectations. The market position is stronger than ever before. He said that TCS’s trust has been strengthened by the strengthening of our order book and pipeline.
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TCS Chief Finance Officer (CFO) V Ramakrishnan said the company recorded strong growth across all segments. He said that despite giving increment to the employees during this quarter, we have recorded the highest operating margin in the last five years.
TCS has announced an interim dividend of Rs 6 per share. The total number of employees at the end of December 2020 was 4.69 lakh.