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TCS Q3 Results: Its income throughout October-December 2024 elevated 5.6 per cent to Rs 63,973 crore.
TCS has declared its Q3 monetary outcomes.
TCS Q3 Results: Tata Consulatancy Services (TCS), India’s largest IT companies firm, on Thursday reported a 5.5 per cent rise year-on-year (YoY) in its web revenue to Rs 12,380 crore. The firm beats market estimates. Its income throughout October-December 2024 elevated 5.6 per cent to Rs 63,973 crore.
On a relentless forex foundation, TCS’ income rose over 4.5 per cent YoY through the October-December 2024 interval.
The firm has additionally declared a dividend of Rs 76 per share, together with a particular dividend of Rs 66 per share. The report date for the dividend is January 17 and fee date is February 3, in accordance with a regulatory submitting by TCS.
The firm’s whole workforce on the finish of December 2024 stood at 607,354.
Its IT companies attrition price (final twelve month foundation) stood at 13 per cent.
Ok Krithivasan, chief govt officer and managing director of TCS, stated, “We are happy with the superb TCV efficiency in Q3 which was well-rounded throughout industries, geographies and repair traces lending good visibility to long-term development. BFSI and CBG returning to development, continued stellar run of regional markets and early indicators of revival in discretionary spend in some verticals give us confidence for the long run. Our persevering with investments in upskilling, AI/Gen AI Innovations and partnerships units us as much as seize the promising alternatives forward.”
Samir Seksaria, chief monetary officer of TCS, stated, “In 1 / 4 that noticed vital cross-currency volatility, TCS’s sturdy execution, price administration and deft forex threat administration helped ship wholesome margin enchancment and free money flows. Disciplined investments in expertise and infrastructure ought to lend good assist to long-term enterprise development.”
In the earlier quarter of Q2 FY25, TCS’ income had stood at Rs 64,259 crore, whereas web revenue was at Rs 11,909 crore. In the year-ago Q3 FY24, its income was at Rs 60,583 crore a 12 months in the past and web revenue at Rs 11,058 crore a 12 months in the past.
