TCS Quarterly Earnings and Results: IT major Tata Consultancy Services (TCS) on Thursday released its fiscal third quarter earnings report with profit at Rs Rs 12,380 crore. This was up nearly 12 per cent on-year. The revenue from operations during the quarter in review stood at Rs 63,973 crore, up 5.60 per cent as against Rs 60,583 crore during the third quarter of FY24. 

The IT major also announced dividend per share of 76.00 including the third interim dividend of Rs 10 and Rs 66.00 as special dividend.

According to Bloomberg, TCS was estimated to report revenue for the quarter in review at Rs 64,754 crore, posting a modest 0.8 per cent sequential growth and the net profit was projected at Rs 12,541 crore, up 5.8 per cent QoQ. 

Live Updates
17:57 (IST) 9 Jan 2025

TCS Results Live Updates: TCS will remain key player for its clients, says Gartner

Biswajit Maity, Sr Principal Analyst, Gartner, said, “This performance is a result of the company’s clear strategy, efficient execution, and strong consulting and transformation capabilities. Gartner believes that TCS will remain a key player for its clients, aligning its strategy with market demands and clients’ digital transformation needs. TCS has significantly ramped up its investments in AI and Generative AI, treating these technologies as key assets and embedding them across its value chain. Notably, some clients have transitioned their GenAI projects from proof-of-concept to full production, which is expected to improve TCS’s pipelines, revenues, and overall business performance. However, it’s crucial that TCS prioritizes improving service delivery, communication, resource management, and the quality of its deliverables, as customer feedback indicates concerns in these areas. In addition, TCS needs to focus on their attrition rate, which is increasing as observed in their last QoQ results. Failing to address this could impact the company’s long-term success and growth potential.”

17:44 (IST) 9 Jan 2025

TCS Results Live Updates: ‘Commentary on early signs of revival in discretionary spend to set good undertone for CY25’

Shaji Nair, Research Analyst, Capital Market Strategy, Mirae Asset Sharekhan, said, “TCS reported revenue growth declined 1.7% q-o-q missing our modest estimates of 1% decline on reported basis while margin improved by 40 bps q-o-q to 24.5% bps in-line with estimates. Deal win TCV at $ 10.2 billion has shown uptick , above company’s normalized deal win TCV of $7-9 billion is encouraging. Commentary on early signs of revival in discretionary spend in some verticals is positive and is likely to set a good undertone for CY25. TCS Q1 reported mixed results with slightly larger than expected revenue decline in a seasonally soft quarter while margins have shown an uptick with improving deal wins.”

17:10 (IST) 9 Jan 2025

TCS Results Live Updates: Growth by domain

YoY CC Growth (%)

BFSI: up 0.9%

Consumer Business: up 1.1%

Life Sciences & Healthcare: down 4.3%

Manufacturing: up 0.4%

Technology & Services: down 0.4%

Communication & Media: down 10.6%

Energy, Resources and Utilities: up 3.4%

Regional Markets & Others: up 40.9%

17:07 (IST) 9 Jan 2025

TCS Results Live Updates: Highlights from Q3 earnings

• Revenue at Rs 63,973 crore, up 5.6% YoY, up 4.5% YoY in Constant Currency

• Operating Margin at 24.5%; down 50 bps YoY, sequential improvement of 40 bps

• Net Income at Rs 12,380 crore, up 5.5% YoY | Net Margin at 19.4%

• Net Cash from Operations at Rs 13,032 crore

• Workforce strength: 607,354 | LTM IT Services attrition rate at 13.0%

• Diverse and inclusive workplace: Women in the workforce: 35.3% |152 Nationalities

• Dividend per share: Rs 76.00 including Rs 66.00 as special dividend | Record date 17/01/2025 | Payment date 03/02/2025

16:48 (IST) 9 Jan 2025

TCS Results Live Updates: Announcement on Research and Innovation

As on 31st December 2024, the company had applied for 8,549 patents, including 195 applied during the quarter and been granted 4,585 patents including 216 during the quarter.

16:47 (IST) 9 Jan 2025

TCS Results Live Updates: Total headcount at 607,354, attrition rises to 13%

TCS’ workforce stood at 607,354 as on December 31st. TCS said that the company has a diverse workforce with 35.3% women and employees of 152 nationalities. TCSers have clocked 40.1 million learning hours and acquired 3.8 million competencies YTD, it said in a regulatory filing. IT services’ attrition was at 13 per cent for the last twelve months.

Milind Lakkad, Chief HR Officer, said, “We promoted over 25,000 associates this quarter which brought the total promotions this financial year to more than 110,000. We continue to invest in employee upskilling and overall well-being. Our campus hiring for the year is going according to plan and preparations are afoot to onboard a higher number of campus hires next year.”

16:44 (IST) 9 Jan 2025

TCS Results Live Updates: Samir Seksaria on Q3 performance

Samir Seksaria, Chief Financial Officer, said, “In a quarter that saw significant cross-currency volatility, TCS’s strong execution, cost management and deft currency risk management helped deliver healthy margin improvement and free cash flows. Disciplined investments in talent and infrastructure should lend good support to long-term business growth.”

16:43 (IST) 9 Jan 2025

TCS Results Live Updates: K Krithivasan on Q3 performance

K Krithivasan, Chief Executive Officer and Managing Director, said, “We are pleased with the excellent TCV performance in Q3 which was well-rounded across industries, geographies and service lines lending good visibility to long-term growth. BFSI and CBG returning to growth, continued stellar run of Regional Markets and early signs of revival in discretionary spend in some verticals give us confidence for the future. Our continuing investments in upskilling, AI/Gen AI Innovations and partnerships sets us up to capture the promising opportunities ahead.”

16:22 (IST) 9 Jan 2025

TCS Results Live Updates: Dividend announced

TCS on Thursday declared a third interim dividend of Rs 10 and a special dividend of Rs 66 per equity share of Rs 1 each of the company. In a regulatory filing, TCS said, “We would like to inform you that at the Board Meeting held today, the Directors have declared a third interim dividend of INR 10 and a special dividend of INR 66 per Equity Share of INR 1 each of the Company. The third interim dividend and the special dividend shall be paid on Monday, February 3, 2025, to the equity shareholders of the Company, whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Friday, January 17, 2025, which is the Record Date fixed for the purpose.”

16:17 (IST) 9 Jan 2025

TCS Results Live Updates: Profit rises by 11.96% YoY, revenue at Rs 63,973 crore

Tata Consultancy Services (TCS) on Thursday announced its fiscal third quarter results with profit at Rs 12,380 crore, posting a growth of 11.96 per cent in comparison to Rs 11,058 crore during the same period of previous financial year, surpassing estimates. It posted revenue from operations at Rs 63,973 crore, up 5.60 per cent as against Rs 60,583 crore during the third quarter of FY24.

16:04 (IST) 9 Jan 2025

TCS Results Live Updates: TCS-BSNL deal

Earlier in June this year, TCS had announced that it was embarking on a new venture to enhance connectivity across the country. TCS had entered into a Rs 15,000-crore agreement with Bharat Sanchar Nigam Limited (BSNL), to roll out a robust 4G network in India.

TCS and BSNL, under the initiative, aimed at bringing high-speed 4G connectivity to over 1,000 villages.

14:56 (IST) 9 Jan 2025

TCS Results Live Updates: Will India Inc see a better Q3 numbers as against Q2?

After India Inc displayed a disappointing performance during the fiscal second quarter, wherein the aggregate net profits barely posted growth, companies are now expected to turn in better numbers for Q3FY25. The key factors that would have had an impact on the financial results of businesses for the third quarter of FY25 are the sales during the festive season, the depreciation in the currency and the sharp slowdown in loan growth.

Read More Here

14:13 (IST) 9 Jan 2025

TCS Results Live Updates: Market cap of four of top-10 most valued companies

Here is a report on combined market valuation of four of the top-10 most valued companies, which saw a collective loss of Rs 96,605.66 crore. HDFC Bank, ICICI Bank, TCS, and SBI valuation slipped significantly.

Read Here

13:40 (IST) 9 Jan 2025

TCS Results Live Updates: Q3 projections

TCS is expected to post CC revenue growth of 0.2% QoQ, with key factors to watch including growth excluding BSNL, the FY26 revenue outlook, and the drivers behind revenue underperformance compared to the broader IT.

According to a CNBC-TV18 poll, TCS is expected to post Q3 revenue at Rs 64,333 crore and revenue is estimated at Rs 12,362 crore. The company EBIT is expected to come in at Rs 15,759 crore.

13:25 (IST) 9 Jan 2025

TCS Results Live Updates: Key things to watch out for

As TCS is all set to announce its Q3 results today, here are the key monitorables according an analysis report by JM Financial:

(1) Large deal TCV; any improvement in client decision cycles and revenue conversion

(2) Update on BSNL revenue contribution; likely trajectory and margin impact thereof

(3) Update on client specific challenges highlighted in Q2; outlook on EU manufacturing and US Life sciences verticals

12:36 (IST) 9 Jan 2025

TCS Results Live Updates: Elara Capital’s projections for IT sector performance during Q3FY25

Ealar Capital said that TCS is expected to report a revenue decline of 0.8 per cent QoQ, hit by furloughs and ebbing revenue from the BSNL deal. Meanwhile, for Infosys, the ask rate to reach lower/upper range of FY25 revenue guidance is (0.7%)/+0.25%, per Elara’s calculation in CC. “Expect a CC / USD drop of 0.3%/1% QoQ, led by furloughs,” it added. For Wipro, Q3 revenue growth guidance was within -2-0% in CC. Expect revenue to decline 0.9% (median of the guidance) in CC and USD revenue to drop to 1.5% due to cross-currency headwinds. Per analysis report by Elara Capital, Wipro faced client-specific issues, which hit growth in BFS and Healthcare verticals. This, it said, may continue in Q3, which along with furloughs may drag down growth. For Tech Mahindra, growth tailwinds are seasonally strong in the Comviva business but continued weakness in the Telecom vertical may drag down overall revenues.

11:50 (IST) 9 Jan 2025

TCS Results Live Updates: JM Financial’s projections for TCS Q3 results

An analysis report by JM Financial stated that TCS is expected to post revenue growth of 0 per cent with 95bps cross currency tailwind translating into -1 per cent QoQ USD revenue growth. “We estimate USD 60 million decline in BSNL deal; ex regional markets (where BSNL is housed), we expect +1 per cent cc QoQ,” it said. The IT major is expected to report lower revenues from low-margin BSNL deal and operational efficiency to drive 20 bps margin expansion.

11:29 (IST) 9 Jan 2025

TCS Results Live Updates: Elara Securities on IT sector Q3 earnings

Elara Securities said, “Dollar-denominated revenue growth for Tata Consultancy Services, Infosys, Wipro and Tech Mahindra should sequentially drop due to the furlough impact and unfavorable currency movements. The furlough impact in Q3 is likely to be normal this year. We expect LTIMindtree to post a 1.5% sequential growth in CC terms in Q3FY25E. Margins of TCS, HCL Tech, Tech Mahindra, Coforge and Persistent Systems may improve sequentially, led by cost optimization and for Infosys and LTIMindtree may drop given negative operating leverage and the impact of wage hike, respectively.”

11:13 (IST) 9 Jan 2025

TCS Results Live Updates: Key themes to watch for IT sector

Kumar Rakesh, Analyst—IT & Auto, BNP Paribas, said, “As we head into 2025, the macro-economic environment is far better placed than it has been in the last two years. The Fed rate cut is no longer a hope but well underway; inflation appears to be under control; and the US election is behind with the new administration seen as business friendly. Some of the themes highlighted by the BNPPE Equity Strategy team for 2025 that we think will aid the Indian IT Services sector are: a) Dollar strength, b) inventory restocking and c) retail consumer-friendly themes. We see the Indian IT Services sector as one of the only plays in India on the US monetary and fiscal easing cycle available to domestic investors. Key risks to watch would be Trump’s tariff policy, its impact on inflation and Fed’s commitment to rate cuts.”

11:10 (IST) 9 Jan 2025
TCS Results Live Updates: Motilal Oswal on TCS

Siddhartha Khemka, Head of Research and Wealth Management at Motilal Oswal Financial Services, said that TCS’ EBIT margin is projected to improve, driven by talent development, training, and operational efficiency.

Watch this space for more updates.

10:33 (IST) 9 Jan 2025
TCS Results Live Updates: Stock falls 4.5% from October to December

Ahead of the Q3 results, the stock of TCS has fallen 4.5% from October 01 to December 31. The scrip has dropped by 0.5% in the last five trading days.

09:32 (IST) 9 Jan 2025

TCS Results Live Updates: A revival in offing for IT sector in 2025

Kumar Rakesh, Analyst—IT & Auto, BNP Paribas, said, “The Fed is cutting rates at a time when markets are already at highs. BNPPE Global Equity Strategists note that historically this has been bullish for the market. Also, with the Republican sweep, further fiscal easing is likely. US consumer confidence has been resilient and enterprise capex outlook is improving. We view all this as positive for Indian IT Services. We have rarely seen Nifty IT underperform in a year when both earnings growth and margins recover – a likely outcome in 2025. The Global BNPPE sector rating for Technology has been upgraded to Overweight from Neutral.”

09:25 (IST) 9 Jan 2025

TCS Results Live Updates: What are the expectations from Q3 results?

TCS is expected to report muted revenue growth for the quarter due to seasonal furloughs and reduced contributions from Bharat Sanchar Nigam (BSNL). However, analysts expect a boost in its margins due to operational efficiencies and favourable cost structures.

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09:14 (IST) 9 Jan 2025

TCS Results Live Updates: TCS’ performance during Q2FY25

Earlier in October, TCS had announced its earnings report for the second quarter of FY25 with profit at Rs 11,909 crore, up 5.0 per cent in comparison to Rs 11,342 crore during the corresponding quarter of previous financial year. It had recorded revenue from operations at Rs 64,259 crore, up 7.7 per cent as against Rs 59,692 crore during the second quarter of FY24.

The company had canceled its post earnings press conference and interviews, following the demise of Ratan Tata a day before the results date.

08:55 (IST) 9 Jan 2025

TCS Results Live Updates: Dividend to be announced

TCS will also announce its third interim dividend today, along with the quarter results. The company has already fixed the record date for dividend payment. In an exchange filing, TCS had said, “The third interim dividend, if declared, shall be paid to the equity shareholders of the Company whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Friday, January 17, 2025 which is the Record Date fixed for the purpose.”

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08:40 (IST) 9 Jan 2025

TCS Results Live Updates: TCS to announce Q3 results today

TCS will announce its fiscal third quarter earnings on January 9. Earlier in a regulatory filing, TCS had said, “Pursuant to Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of Tata Consultancy Services Limited is scheduled to be held on Thursday, January 9, 2025, inter alia to: i. approve and take on record the audited standalone financial results of the Company under Indian Accounting Standards (Ind AS) for the quarter and nine month period ending December 31, 2024; ii. approve and take on record the audited consolidated financial results of the Company and its subsidiaries under Ind AS for the quarter and nine month period ending December 31, 2024; and iii. consider declaration of third interim dividend to the equity shareholders.”

08:31 (IST) 9 Jan 2025

TCS Results Live Updates: Welcome to the live blog!

Greetings. We, at FinancialExpress.com, will keep you updated on all the expectations from the street for the fiscal third quarter performance of IT major, TCS. Through this live blog, we will also bring to you the key numbers and announcements from the earnings call.