tcs q3 results
TCS q3 results
Tata Consultancy Services (TCS) released its Q3 FY25 results on January 9, 2025.
Here are the
main takeaways:
1. **Financial Performance**:
- TCS reported a consolidated net profit of
₹12,380 crore for the quarter.
- Revenue in dollar terms decreased by 1.7%
quarter-on-quarter to $7.54 billion, falling short of analyst predictions of
$7.625 billion.
2. **Operating Margin**:
- The operating margin saw an uptick to
24.5%, with a sequential rise of 40 basis points, which aligns with market
expectations.
3.
**Workforce Changes**:
- The employee count reduced to 607,354, down
from 612,724 in the previous quarter.
- The attrition rate increased slightly to
13%, up from 12.3% in Q2.
4.
**Dividends Declared**:
- TCS has declared a total dividend of ₹76
per share, comprising a ₹10 interim dividend and a ₹66 special dividend.
- The dividend's record date is January 17, 2025, with a payout scheduled for February 3, 2025.
5.
**Strategic Outlook**:
- CEO K. Krithivasan pointed to strong total
contract value (TCV) trends across various industries and regions, suggesting
positive growth ahead.
- The company’s investments in AI,
upskilling, and innovation are expected to drive long-term growth.
Overall,
these results showcase challenges and strengths, with revenue
affected by cross-currency fluctuations, but disciplined cost management aiding
profitability.
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