tcs dividend q3 2020

No Result . TCS Q3 profit jumps 7% YoY to Rs 8,701 cr, announces dividend at Rs 6/share Business Standard | 56 mins ago IT major Tata Consultancy Services on Friday posted a 7.18 per cent year-on-year (YoY) rise in its December quarter (Q3FY21) profit at Rs 8,701 crore. TCS has been returning cash to shareholders consistently … Commenting on the Q3 performance, Rajesh Gopinathan, Chief Executive Officer and Managing Director of the company said: "Growing demand for core transformation services and strong revenue conversion from earlier deals have driven a powerful momentum that helped us overcome seasonal headwinds and post one of our best performances in a December quarter. Mumbai: India’s largest IT services exporter Tata Consultancy Services (TCS) reported a 7.18% YoY jump in net profits during the third quarter (Q3) for the financial year 2020-21 (FY21).TCS Q3 FY21 net rose to Rs 8,701 crore as compared to Rs 8,118 crore in the year-ago period. document.write("");googletag.cmd.push(function(){googletag.defineOutOfPageSlot('/6516239/outofpage_1x1_desktop','div-gpt-ad-1490771277198-0').addService(googletag.pubads());googletag.pubads().enableSyncRendering();googletag.enableServices();}); The company's revenue came in at Rs 42,015 crore, up 5.42 per cent YoY and 4.68 per cent QoQ. Moreover, it is a direct beneficiary of the persistent market share loss of key players such as Capgemini and Cognizant," the brokerage had said in an earnings preview note. NEW YORK and MUMBAI, India, Jan. 8, 2021 /PRNewswire/ -- Tata Consultancy Services (BSE: 532540, NSE: TCS), the leading global IT services, consulting and business solutions organization, reported its consolidated financial results according to Ind AS and IFRS, for the quarter ending December 31, 2020. This is the strongest December quarter growth in nine years, TCS said. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. This boundaryless value creation, supported by the seamless fabric of technology enabled by cloud together the seamless fabric of talent enabled by our SBWS™, will redefine industry after industry over the longer term. Its shares are up 38% over the past year, outperforming the Sensex’s 19% climb. Segment-wise revenue distribution All verticals showed good sequential revenue growth, led by Manufacturing (+7.1%), BFSI (+2%), Life Sciences and Healthcare (+5.2%), Communications & Media (+5.5%) and Retotil otnd CPG (+3.1%), the company said. Team Business Standard, Last Updated at January 8, 2021 18:56 IST, TCS Q3 profit jumps 7% YoY to Rs 8,701 cr, announces dividend at Rs 6/share, Myntra Designs revenue up 58% to Rs 1,719 crore, losses increase by 38%, TVS Motor Company's domestic two-wheeler sales grow 30% in November, Surprise amid pandemic: Firms across sectors beat Q2 earnings expectations, Dewan Housing's second quarter net loss narrows to Rs 2,122 crore, Siemens Sept quarter profit slips 5% to Rs 333 cr on higher expenses, Fino Payments Bank registers profit for the third straight quarter, Leaders and laggards: Sectors that did well in Q2, and those that didn't, ONGC Q2 net profit down 55% at Rs 2,878 cr due to lower crude oil price, Indiabulls Real Estate posts Rs 76 cr net loss in September quarter, TCS Q3 preview: Cloud adoption, large deal wins may lift profit by 8% YoY, IT shares in rally; Tech Mahindra's m-cap tops Rs 1-trillion; Wipro up 5%, TCS Q2 PAT down 7% YoY at Rs 7,475 cr; announces Rs 16,000 crore buyback, TCS m-cap nears Rs 12 trillion mark; stock rallies over 8% in 3 days, TCS to roll out salary hikes for all employees, effective October 1, Access Exclusive content - articles, features & opinion pieces, Weekly Industry/Genre specific newsletters - Choose multiple industries/genres, Access to 17 plus years of content archives, Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box, End of day news alerts on 5 companies (via email). 1 2 Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. NEW YORK and MUMBAI, India, Jan. 8, 2021 /PRNewswire/ -- Tata Consultancy Services (BSE: 532540, NSE: TCS), the leading global IT services, consulting and business solutions organization, reported its consolidated financial results according to Ind AS and IFRS, for the quarter ending December 31, 2020. IT major Tata Consultancy Services (TCS) on Friday reported 7.17% increase in net profit for the quarter ending 31 December, 2020 (Q3) at ₹8,701 crore as against ₹8,118 crore in Q3 in 2019. We are entering the new year on an optimistic note, our market position stronger than ever before, and our confidence reinforced by the continued strength in our order book and deal pipeline." TCS has scheduled a board meeting on … TCS said over 5.33 crore equity shares were bought back under the offer at a price of ₹3,000 apiece and out of the total, Tata Sons' 3,33,25,118 shares were accepted under the buyback offer. Support quality journalism and subscribe to Business Standard. Cloud is enabling a new class of boundaryless organizations, that can seamlessly partner and collaborate within larger ecosystems to create innovative purpose-driven offerings to customers. (PRNewsFoto/Tata Consultancy Services) (PRNewsfoto/Tata Consultancy Services) Highlights of the Quarter Ended December 31 , 2020 Revenue at $5.702 Bn , + 5.1 % QoQ, +2.1% YoY TCS' revenue stood at Rs 39,854 crore in the corresponding quarter last year and Rs 40,135 crore in the preceding quarter of FY21. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. Last Updated at January 8, 2021 18:56 IST. TCS has recently announced acquisitions such as of the IT unit of Deutsche Bank AG and Pramerica Systems, a unit of Prudential Financial Inc., which could help it expand into new areas. TCS Q3: Revenues rose to ₹ 39,854 crore TCS Q3 results: Net profit rises to ₹ 8,118 crore 1 min read. TCS, the parent company of Tinkoff Bank, said it expected net income to be at least 42 billion roubles in 2020 and announced an interim dividend payout of $0.25 per share. The company provided EPS guidance of $0.35-0.40 for the period, compared to the consensus estimate of $0.21. Log in to our website to save your bookmarks. We believe in free, fair and credible journalism. A meeting of the Board of Directors of Tata Consultancy Services Limited is scheduled to be held on Friday, January 8, 2021, to inter alia: To approve and take on record the audited financial results of the Company under Indian Accounting Standards (Ind AS) for the quarter and nine months ending December 31, 2020. Analysts at an ET NOW poll had projected a profit figure at Rs 8,600 crore. On a YoY, constant currency basis, Life Sciences and Healthcare continued to grow in double digits at 18.2%. Strong Demand Drives TCS Q3 Growth Momentum. CLICK HERE TO READ ANALYSTS' EXPECTATIONS. The Board will recommend the share of final Dividend in their 25th Annual General Meeting. In case you can’t find any email from our side, please check the spam folder. Copyright © HT Digital Streams Limited All rights reserved. The revenue rose by 4.1 per cent QoQ and 0.4 per cent YoY in constant currency terms. ICICI Direct, for instance, had projected a 5.7 per cent YoY jump in PAT. Ans. BFSI (+2.4%) and Technology & Services (+2.4%) also moved into positive territory, it added. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. Digital Editor. We celebrated the accomplishment of our Enterprise Agile by 2020 vision during the quarter, and with SBWS™, we have a well-oiled location-independent execution model that brings in the resources just in time, efficient execution, and machine-led delivery governance that are delighting our customers. Russia's TCS Group, which owns Tinkoff Bank, reported a 30% rise in third-quarter net profit on Thursday and reinstated its pre-pandemic financial forecast for the full year.

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