The leading provider of IT services announced that the board of directors will meet on January 9, 2023, to discuss and approve the audited standalone and consolidated financial statements for the three-month and nine-month periods ended December 31, 2022.The third interim dividend to equity shareholders may also be declared by the board.
The TCS Q3 Results will be updates soon on the official Accord to the IT company, if the third interim dividend is declared, it will be paid to equity shareholders of the company whose names are listed as beneficial owners of the shares as of Tuesday, January 17, 2023, which is the record date set for this purpose, on the company’s Register of Members or in the records of the depositories. The TCS Q3 Results 2023 will be announced soon.
TCS Q3 Results 2023
The revenue of Tata Consultancy Services Ltd. increased for the sixth consecutive quarter as a result of order wins from customers who kept spending money on digital services. The TCS Q3 results 2023 will have a great growth. According to its exchange report, the largest provider of software services in India saw an increase in revenue for the three months ending in December of 4.31% over the prior quarter, reaching Rs 48,885 crore. This contrasts with the analysts’ consensus forecast of Rs. 48,533 crore.
TCS Q3 results 2023 for the third quarter of FY2023 came in better than expected. The company’s revenue during the quarter is up by 10% and its operating margins have improved as well. At a time when Tech Mahindra is facing challenges with its financials, TCS Q3 Results 2023 seems to be on the path to deliver sustainable earnings growth.
TCS Q3 Results 2023 Overview
| Article Title | TCS Q3 Results 2023 |
| Organization Name | Tata Consultancy Services Ltd |
| Category | Financial updates |
| Result date | 9th January 2023 |
| Website | tcs.com |
TCS Results Latest
Tata Consultancy Services TCS Q3 Results 2023 is a provider of business solutions, consulting, and IT services. It provides a comprehensive portfolio of business, technology, and engineering services and solutions that is consulting-led and cognitive-powered.In TCS Q2 Results FY23 compared to Q1 FY23, the company reported a 10.1% increase in consolidated net profit to Rs 10,431 crore on a 4.8% increase in revenue to Rs 55,309 crore.On December 30, 2022, TCS Results stock fell 0.31% to settle at Rs 3,259.25.
About TCS
TCS is an international business consulting service provider. TCS Q3 Results 2023 formerly Tata Consultancy Services, is one of India’s largest information technology companies. It provides services such as software development and system integration, management consulting, financial services, healthcare and insurance for customers in more than 175 countries.
On the back of a strong quarter and solid core banking, we see signs of recovery in the NPA story. TCS Results also sees 90% payout ratios for FY 2023/24 as a key milestone. We remain confident about the company’s growth story and believe in its ability to become an attractive long-term investment for investors.
TCS Q3 Results 2023 Expectations
The TCS Q3 Results 2023 has been announced after the earnings report on Jan. 11, TCS Results reported its quarterly earnings today, and they were excellent. The figures are much better than expected. During fiscal year 2019/20, TCS had generated revenues of 6.75 billion US dollars and profits of 1.04 billion US dollars, which is not too bad considering that it was a tough year for the Indian IT industry overall.
As said earlier, this was due to a lot of factors outside its control that affected TCS Results negatively throughout the year, including rising tariffs on imported silicon wafers from China as well as lower-than-expected PC sales due to currency wars between India and China.
TCS Results
Arun Sood, TCS CEO has revealed the TCS Results that the company’s Q3 operating profit increased by 29% from the previous quarter to Rs 11,268 crore. TCS Results net profit for the quarter was up nearly 4% at Rs 8,517 crore in 2023. It had reported a net profit of Rs 7,399 crore for 2022. The TCS Q3 results 2023 are expected to show a growth of 11.03 per cent compared to the corresponding quarter a year ago, primarily on account of its operating performance, which is expected to record a good double digit growth rate.
TCS Q2 Results
TCS and Infosys reported their Q2 results last week. TCS Q2 Results postes the highest revenue and profit growth, while Infosys saw growth slowing but ranked high on cost efficiency. 22 billion in revenue, 21% YoY, -3% YoY in net profits. Tata Consultancy Services (TCS) today reported consolidated revenue and profit estimates for the second quarter of FY22 at 22.0 billion and 3.1 billion respectively. Comparable revenue growth (YoY) was -3% year on year, while comparable profit growth decelerated to -3%.
TCS and Infosys kicked off the new calendar year with their expected earnings announcements. TCS Q2 results, were announced which showed profitability build up from the previous quarter. However, like most other Indian IT companies, TCS is currently burdened by low hiring and a talent crunch as companies look for affordable talent in emerging markets like India. Infosys reported disappointing financial results for the second quarter of its fiscal year, with falling revenues and profit amid rising costs due to the shortage in skilled workers.
FAQs related to TCS Q3 Results 2023
When will TCS release its quarterly results?
The record date for TCS share dividends is January 17. The dividend amount will probably be disclosed by TCS together with the third quarter rsults. Date of TCS Q3 Results 2023 is January 9.
What were the TCS Q3 results 2023?
The total revenue from operations was 55,309 crore, up 18.01% year over year and 4.84% quarter over quarter.
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