Hi-tech manufacturing and services, Information technology consulting company

Tata Consultancy Services has announced an interim dividend of Rs 7 and a special dividend of Rs 67 per share for its investors."We would like to inform you that at the Board Meeting held today, the Directors have declared a third interim dividend of Rs8 and a special dividend of Rs67 per Equity Share of Rs1 each of the Company," TCS said in a stock exchange filing.A dividend is a reward that companies often provide to their shareholders, though not mandatory, from a portion of their earnings.The third interim dividend and the special dividend shall be paid on February 3, 2023, to the company's shareholders, whose names appear on the Register of Members of the Company or in the Depositories' records as beneficial owners of the shares.The record date fixed for the purpose is January 17, 2023. The record date is for the purpose of ascertaining the eligibility of shareholders for payment of the dividend.Meanwhile, IT services firm on Monday reported 10.98 per cent surge in its consolidated net profit to Rs 10,883 crore for the quarter that ended December 2022 (Q3FY23). The company had posted a profit of Rs 9,806 crore in the year-ago period.TCS reported a 19.1 per cent year-on-year growth in its revenue for the quarter that ended in December 2022. The software giant said net income grew 11 per cent to Rs 10,846 crore during the December quarter whereas its net margin was at 18.6 per cent.Rajesh Gopinathan, the CEO and managing director, said, "We are pleased with our strong growth in a seasonally weak quarter, driven by cloud services, market share gains through vendor consolidation, and continued momentum in North America and UK.""The sustained strength of demand for our services is a validation of the value we provide to our clients in helping them differentiate themselves, while enhancing their competitiveness. Looking ahead, and beyond current uncertainties, our longer-term growth outlook remains robust."TCS also said a 35.7 per cent of its total workforce were women and were of 153 nationalities.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Hi-Tech Manufacturing And Services, NewsFOLLOW

Hi-tech manufacturing and services, Latest News

New Delhi [India], April 25 : The power transmission and distribution business of Larsen and Toubro (L&T) Construction has ... ...

Lokmat News Network Chhatrapati Sambhajinagar A dummy candidate appearing for the online examination for the recruitment of class C ... ...

Tata AIA Life Insurance (Tata AIA), one of India's leading Life Insurance Companies has unveiled a women-centric digital campaign, 'Empowering You To Achieve Your Dreams', that is aimed at empowering Indian women to take control of their financial pl ...

Tata AIA Life Insurance (Tata AIA), one of India's leading Life Insurance Companies has unveiled a women-centric digital campaign, 'Empowering You To Achieve Your Dreams', that is aimed at empowering Indian women to take control of their financial pl ...

As the purest and most effective form of life insurance cover available, Term Insurance Plans safeguard policyholders and their families from the uncertainties of life. However, work schedules that keeps everyone busy daily have changed how people li ...

The shares of Tata Consultancy Services on Tuesday declined 1.20 per cent to Rs 3,280 apiece at 2.30 pm, ... ...

A day after IT services major Tata Consultancy Services released its October-December quarter earnings, brokerage firm HDFC Securities has ... ...

Tata Consultancy Services has announced an interim dividend of Rs 7 and a special dividend of Rs 67 per ... ...