TCS net profit up 12% to Rs.9769 crore

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Mumbai : Tata Consultancy Services (TCS) on January 12 reported a consolidated net profit of Rs 9,769 crore for the quarter ended December 2021 (Q3FY22), registering a 12.3 percent year-on-year (YoY) growth.

The company had reported a consolidated profit after tax (PAT) of Rs 8,701 crore in the corresponding quarter last year. In the September quarter, PAT stood at Rs 9,624 crore. Its consolidated revenue during the September-December period stood at Rs 48,885 crore, up 16.4 percent from the year-ago quarter, with healthy double digit growth across business verticals, led by strong deal wins and an increase in digital spends by corporates.

TCS board has declared a third interim dividend of Rs.7 per Equity Share of Re. 1 each of the Company. The third interim dividend shall be paid on Monday, February 7, 2022.

 “Our continued growth momentum is a validation of our collaborative, inside-out approach to our customers’ business transformation needs. Customers love our engagement model, our end-to-end capability, and our can-do approach to problem solving. While mapping out their innovation and growth journeys, we are also helping them execute new-age operating model transformations to support those journeys” said Rajesh Gopinathan, Chief Executive Officer and Managing Director.  

 

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