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TCS Q3 Results | Profit Rises To Rs 9,769 Crore, Revenue Grows To Rs 48,885 Crore
Healthy growth across business verticals led by strong deal wins and an increase in digital spends by corporates helped the company post a double-digit growth in revenues.
TCS Hits $25 Billion In Annual Revenue, Promotes 1.1 Lakh Employees
The Tata Group company plans to promote 40,000 more employees in the fourth quarter. The company added 28,238 during the third quarter, taking the total employee strength to 556,986. TCS had added…
Infosys, TCS, Wipro Q3 Results LIVE Updates | Delighted to hit the $25 billion revenue mark in CY 2021, says TCS COO
“We continued our focus on growing organically and on developing the talent, methodologies, and toolkits for an ever- evolving technology landscape. This, coupled with our contextual knowledge and the passion and commitment of thousands of TCSers enabled us to deliver cutting-edge solutions during the quarter, and help our clients realize speed to value. We are also delighted to cross another important milestone in our journey, hitting the $25 billion revenue mark in CY 2021,” TCS COO and ED N Ganapathy Subramaniam said.
Infosys, TCS, Wipro Q3 Results LIVE Updates | Sustained investment in our talent helped us, says TCS CFO
TCS CFO Samir Seksaria, while reacting to the company’s Q3 performance, said, “Our sustained investment in our talent has helped us power strong growth despite a challenging supply environment. We remain focused on long term talent development as well as on tactical measures to mitigate the talent churn. We have exercised various operating levers in Q3 to mitigate the higher costs and manage our employee expense.”
Watch | TCS Q3: Media Address On Result Highlights, Growth Guidance, Demand Outlook & Supply-Side Scenario
Infosys, TCS, Wipro Q3 Results LIVE Updates | TCS’ EBIT rises 2% on sequential basis
TCS’ earnings before interest and taxes rose two percent, as compared to the past quarter, to Rs 12,237 crore. In Q2 FY22, an EBIT of Rs 12,000 crore was recorded.
TCS announces buyback valued at Rs 18,000 crore at Rs 4,500 per share## Infosys, TCS, Wipro Q3 Results LIVE Updates | TCS announces buyback valued at Rs 18,000 crore at Rs 4,500 per share
TCS has announced a buyback valued at Rs 18,000 crore at Rs 4,500 per share. The IT sector behemoth has recorded a quarterly profit of Rs 9,769 crore, up as compared to Rs 9,624 crore in the previous quarter.
#3QWithCNBCTV18 | TCS announces buyback valued at ₹18,000 cr at ₹4,500/sh pic.twitter.com/62M4272Mc0— CNBC-TV18 (@CNBCTV18Live) January 12, 2022
Infosys, TCS, Wipro Q3 Results LIVE Updates | TCS reports quarterly revenue of Rs 48,885 crore
TCS has reported a reported a revenue of Rs 48,885 crore against the estimate of Rs 48,481 crore in the CNBC TV poll. The net profit for the quarter came in at Rs 9,769 crore, around 1.5 percent higher than the previous quarter.
Infosys, TCS, Wipro Q3 Results LIVE Updates | TCS reports profit of Rs 9,769 crore
TCS has reported a profit of Rs 9,769 crore, marginally higher than Rs 9,624 crore reported in the last quarter. The numbers are, however, slightly lower than Rs 9,862 crore which was estimated in the CNBC-TV18 poll.
Infosys, TCS, Wipro Q3 Results LIVE Updates | Infosys’ struggles with high attrition continued in the December quarter as the voluntary attrition rate skyrocketed to 25.5 percent from 20.1 percent, a quarter ago.
Omicron Impact | Wipro To Close All Offices Globally For Next 4 Weeks
Wipro had started getting senior executives back to the office in September. In October, the company said that it would accelerate the initiative from January 2022 but the spread of Omicron has forced…