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

By: |
January 17, 2020 9:27 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.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Religare case: High Court stays trial court direction to REL ex-CMD to surrender in two days
2India has potential to export Rs 8 lakh cr worth motherboards between 2021-26: Report
3Bankers say rates to not drop any further