Looks like you have exceeded the limit to bookmark the image. Strong Demand Drives TCS Q3 Growth Momentum [January 08, 2021] Strong Demand Drives TCS Q3 Growth Momentum. TCS said on December 31, 2020, that the Third Interim Dividend, if declared, shall be paid to the equity shareholders of the Company whose names appear on … Other markets grew as well, with and Asia Pacific growing +2.6 per cent, MEA +6.7 per cent, and Latin America +3.1 per cent, the company said in a press release. Updated: 17 Jan 2020, 04:34 PM IST Edited By Surajit Dasgupta. The Mumbai-based company said revenue from the banking and finance industries, its top revenue contributor, jumped 7.6% year-over-year to ₹16,655 crore in the December-quarter. We also had an all-time high cash conversion in Q3. Q3. 1 2 New Delhi  Nirmal Bang Institutional Equities had expected TCS to deliver CC revenue growth of 4 per cent QoQ and dollar revenue growth of 4.5 per cent QoQ. View All Result . 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. In case you can’t find any email from our side, please check the spam folder. Ans. The Board will recommend the share of final Dividend in their 25th Annual General Meeting. 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. Imp. It further announced interim dividend of ₹6 per equity share as results beat analysts' estimates. 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. Topics What is the TCS Net Worth 2020? You are now subscribed to our newsletters. 2 analyst firms have reported ratings in the last year. Click here to read the Mint ePaperMint is now on Telegram. Tata Consultancy Services Ltd, India’s leading IT services company, reported its best ever growth for the December quarter in nine. 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. Earlier this week, Tata Sons tendered shares worth ₹9,997 crore of Tata Consultancy Services during the IT major's ₹16,000 crore-buyback offer. Join Mint channel in your Telegram and stay updated with the latest business news. 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. 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." Business Standard is happy to inform you of the launch of "Business Standard Premium Services". As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Kindly visit the Manage my subscription page to discover the benefits of this programme. UPDATE – TCS will release the result for Quarter 4 on 16th April 2020 after 3:00 PM. The firm had posted a profit of Rs 8,118 crore in the same quarter last year (Q3FY20). NEW DELHI: Tata Consultancy Services, India's largest IT exporter in terms of revenues, on Friday said its profit rose 7.18 per cent YoY to Rs 8,701 crore in December quarter compared with Rs 8,118 crore in the corresponding quarter last year. 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. This is the strongest December quarter growth in nine years, TCS said TCS Q3 net profit rises 7% to ₹ 8,701 cr; announces interim dividend of ₹ 6 … Tata Consultancy Services Limited has informed the Exchange regarding a press release dated December 23, 2020, titled "TCS Honored with CII Industrial IP Award 2020 for Best Patents Portfolio". The company announced interim dividend of ₹6 per share for which the record date is 16 January and payment date is 3 February. Breaking News. The latest price target for . 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. Strong Demand Drives TCS Q3 Growth Momentum. 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. Meanwhile, the net margin for the quarter under review stood at 20.7 per cent. On the operational front, its earnings before interest and tax (EBIT) grew by 6.4 per cent sequentially to Rs 11,184 crore and the operating margin for Q3 grew 1.6 per cent YoY and 0.4 per cent QoQ to 26.6 per cent. New Delhi: IT major Tata Consultancy Services (TCS) on Friday reported 7% increase in net profit for the quarter ending 31 December, 2020 at ₹8,701 crore as against ₹8,118 crore in the year-ago period. We, however, have a request. It is a strong endorsement of our resilience, way of working and the relative competitiveness of our products and services. 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. 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. Container Store Group (NYSE: TCS) was reported by Goldman Sachs on 2020-11-09. Ans. All these augur well to progress our 25x25 future of work vision," said N Ganapathy Subramaniam, Chief Operating Officer & Executive Director, TCS.