TCS' revenue stood at Rs 39,854 crore in the corresponding quarter last year and Rs 40,135 crore in the preceding quarter of FY21. Breaking News. Home; Biz. Dividend Summary For the year ending March 2020 Tata Consultancy Services has declared … 1 2 ($1 = … The firm said it was the strongest third quarter growth in 9 years. In dollar terms, revenue grew at 5.1 per cent sequentially from $ 5.424 billion reported in Q2FY21. 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. 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. New Delhi  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. Looks like you have exceeded the limit to bookmark the image. "Being the market leader, TCS will be a key beneficiary of core transformation, higher cloud adoption and digital adoption. 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. Tata Consultancy Services. TCS incorporated a wholly-owned subsidiary, Tata Consultancy Services Ireland Limited in Ireland on 2 December 2020 and liquidated CMC Americas Inc. on 16 December 2020. We, however, have a request. The Tata Group firm said it has fixed January 16 as the record date to determine the eligible shareholders. 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. Ans. TCS reported the net profit of Rs 8,118 crore in Q3. Geography-wise, sequential growth was led by North America (+3.3 per cent), India (+18.1 per cent), UK (+4.5 per cent), and Continental Europe (+2.5 per cent). Your support through more subscriptions can help us practise the journalism to which we are committed. The stock rose 32.4 percent in 2020 and 15 percent during the quarter ended December 2020. 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." - Q4 2020 U.S. common dividends … IT major Tata Consultancy Services (TCS) today announced further interim dividend of Rs 6 per equity share along with posting better than expected financial . On Friday, the company's scrip on BSE closed nearly 3% higher at ₹3,120.35. "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 major Tata Consultancy Services (TCS) on Friday reported 7.17% increase in net profit for the quarter ending 31 December, 2020 (Q3) at ₹8,701 crore as against ₹8,118 crore in Q3 in 2019. Container Store Group (NYSE: TCS) was reported by Goldman Sachs on 2020-11-09. 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. The latest price target for . 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. Q3. On a YoY, constant currency basis, Life Sciences and Healthcare continued to grow in double digits at 18.2%. 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. No Result . The firm had posted a profit of Rs 8,118 crore in the same quarter last year (Q3FY20). TCS Dividend Payment Details. 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 revenue rose by 4.1 per cent QoQ and 0.4 per cent YoY in constant currency terms. All these augur well to progress our 25x25 future of work vision," said N Ganapathy Subramaniam, Chief Operating Officer & Executive Director, TCS. 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. What is the TCS Net Worth 2020? BFSI (+2.4%) and Technology & Services (+2.4%) also moved into positive territory, it added. ICICI Direct, for instance, had projected a 5.7 per cent YoY jump in PAT. TCS has scheduled a board meeting on … Ans. Tata Consultancy Services Ltd, India’s leading IT services company, reported its best ever growth for the December quarter in nine. Other markets grew as well, with and Asia Pacific growing +2.6 per cent, MEA +6.7 per cent, and Latin America +3.1 per cent, the company said in a press release. 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 Container Store Group (NYSE:TCS) updated its third quarter earnings guidance. On the operational front, its earnings before interest and tax (EBIT) grew by 6.4 per cent sequentially to Rs 11,184 crore and the operating margin for Q3 grew 1.6 per cent YoY and 0.4 per cent QoQ to 26.6 per cent. 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. The single largest shareholder of TCS, Tata Sons tendered more than 3.33 crore shares during the offer, according to a regulatory filing. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". The company announced interim dividend of ₹6 per share for which the record date is 16 January and payment date is 3 February. Remove some to bookmark this image. 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. 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. Join Mint channel in your Telegram and stay updated with the latest business news. This is the strongest December quarter growth in nine years, TCS said. 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. Kindly visit the Manage my subscription page to discover the benefits of this programme. Last Updated at January 8, 2021 18:56 IST. 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.

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