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TCS Q3 profit up 2% at 11,058 crore
The Morning Standard
|January 12, 2024
IT major reports higher-than-expected revenue at ₹60,583 crore; headcount dips by 5,680
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THE country's largest IT services company Tata Consultancy Services (TCS) on Thursday reported a 2% year-on-year (YoY) growth in its consolidated net profit for the December quarter to 11,058 crore compared to 10,846 crore profit it posted in the year-ago period. It reported higher-than-expected revenue for the third quarter and met Street estimates at 60,583 crore, up 4% YoY.
The company's operating margin for the quarter stood at 25% and its order book for the quarter was $8.1 billion. K Krithivasan, CEO and MD, said, "Our strong performance in a seasonally weak quarter buffeted by macro-economic headwinds, demonstrates the strength of our business model with a well-diversified portfolio and a customer-centric strategy."
Dit verhaal komt uit de January 12, 2024-editie van The Morning Standard.
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