TCS posts flat profit at Rs 8,118 crore for October-December quarter

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Published: January 17, 2020 9:27:32 PM

Revenue of the city-based firm grew 6.7 per cent in the quarter under review to Rs 39,854 crore from Rs 37,338 crore in the corresponding period of the last fiscal.

This is against a net profit of Rs 8,105 crore in the year-ago period, TCS said in a BSE filing.

Country’s largest software services major Tata Consultancy Services (TCS) on Friday reported a muted 0.2 per cent growth in consolidated net profit at Rs 8,118 crore for the third quarter ended December 2019. This is against a net profit of Rs 8,105 crore in the year-ago period, TCS said in a BSE filing. Revenue of the city-based firm grew 6.7 per cent in the quarter under review to Rs 39,854 crore from Rs 37,338 crore in the corresponding period of the last fiscal, it added.

“We saw the sectoral trends of the first half of the year continue to play out in the third quarter. Our robust order book during the quarter reflects our ability to pitch innovative technology solutions to address the business needs of different stakeholders in the enterprise, and participate in our customers’ enterprise-wide transformation initiatives,” TCS CEO and managing director Rajesh Gopinathan said in a statement.

This is helping deepen and broaden the company’s customer relationships and make the business more resilient, he added. The TCS board has declared a third interim dividend of Rs 5 per equity share of Re 1 each of the company.

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