TCS Q3 Result 2023, Infosys, Wipro, Comparison Today Official Website @ tcs.com

TCS Q3 Result: The leading provider of IT favour announced that the board of directors will meet on January 9, 2023, TCS Q3 Result to discuss and approve the audited standalone and consolidate financial declaration for the three-month and nine-month periods final December 31, 2022.The third interim dividend to equity shareholders may also be declare by the board.

The TCS Q3 Results will be updates soon on the official Accord to the IT company, if the 3rd interim dividend is declared, it will be paid to equity bondholder of the company whose names are list as beneficial owners of the portion 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 repository. The TCS Q3 Result 2023 will be announced soon.

TCS Q3 Result 2023

The revenue of TCS Q3 Result 2023. grow for the sixth consecutive quarter as a solution of order wins from customers who kept spending money on digital services. The TCS Q3 Result 2023 will have a great growth. According to its exchange report, the biggest provider of software services in India saw an increase in revenue for the three months lasting in December of 4.31% over the prior quarter, reaching Rs 48,885 crore. This contrasts with the analysts’ consensus predict of Rs. 48,533 crore. TCS Q3 Result for the third district of FY2023 came in better than expected.

The company’s income during the quarter is up by 10% and its operating margins have improve as well. At a time when Tech Mahindra is facing challenges with its financials, TCS Q3 Outcome 2023  seems to be on the path to deliver sustainable earnings growing. 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 Result

TCS Q3 Result 2023 Overview

Article Title TCS Q3 Results 2023
Organization Name Tata Consultancy Services Ltd.
Category Financial updates
Result date Result
Website tcs.com

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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.

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tcs.com Result 2023

TCS and Infosys reported their Q2 results last week. TCS Q2 Solution posts 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 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 was -3% year on year, while comparable profit growth decelerated to -3%.

TCS and Infosys kicked off the latest calendar year with their expected earnings announcements. TCS Q2 results were report which showed profitability build up from the previous quarter. However, like most other Indian IT business, TCS is currently burdened by low hiring and a talent crunch as business look for affordable talent in emerging markets like India. Infosys announce 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.

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TCS Results Latest

IT services, consulting, and business solutions are all provided by Tata Consultancy Services TCS Q3 Results 2023. It offers a comprehensive portfolio of consulting-led and cognitively powered engineering, technology, and business services and solutions. With a 4.8% increase in revenue to Rs 55,309 crore, TCS reported a 10.1% increase in consolidated net profit to Rs 10,431 crore in Q2 FY23 results compared to Q1 FY23. TCS Results stock fell 0.31 percent to Rs 3,259.25 on December 30, 2022. An organization that provides IT services, consulting, and business solutions is Tata Consultancy Services. It provides a portfolio of desegregate business, technology and engineering services and solutions that is accommodate by consulting & based on cognitive power.

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.

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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.

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TCS Q3 Result FAQ’S

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.

Is TCS giving bonus?

It also said that 4 lakh employees out of 6 lakh will get the bonus in form of 100% variable pay for fiscal year 2023.

Will TCS increase salary in future?

Some media reports mentioned that TCS is offering a salary hike up to 20 per cent for 70 per cent of its employees along with 100 per cent variable pay for over 4 lakh employees. These claims are False and stakeholders are advised to not consider such claims. TCS has not issued any communique validating the hike.

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