Tata Consultancy Services (TCS), on Thursday, reported a 4 per cent increase in consolidated revenue to 60,583 crore compared to 58,229 crore in the year-ago period.
The company saw a higher than-estimated 8.2 per cent increase in October-December quarter net profit to 11,058 crore. This was Rs 10,846 crore in the third quarter of the previous year.
The IT major announced a dividend of Rs 27 per share, including an interim dividend of Rs 9 per share and a special dividend of Rs 18 per share.
The operating margin improved by 50 bps to 25 per cent, the company said, while net margin stood at 19.4 per cent.
The topline growth was also led by energy, resources and utilities, manufacturing, and life sciences and healthcare, TCS said in a statement.
“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. We are seeing strong deal momentum across markets resulting in a solid order book providing visibility into our long-term growth," CEO and MD K. Krithivasan said.
"We expect to be back to our normal operating mode by the end of the current fiscal year. Parallelly, attrition is trending down and at 13.3 per cent, is now in our range of comfort. We are committed to hiring from college campuses and growing talent organically." Milind Lakkad, chief human resource officer at the company, said.
