TCS 2023 Third Quarter Results Declared: Tata Consultancy Services/TCS’s web revenue jumped greater than 11 p.c within the third quarter. The IT firm reported a web revenue of Rs 10,846 crore for the quarter ending December 2022, in contrast with Rs 9,769 crore in December 2021. The IT firm’s income exceeded $7 billion, as which reported income progress of 19.1% YoY. revealed the IT agency throughout its quarterly outcomes launched on Monday.
Here are a few of the highlights and key takeaways from TCS’s fiscal 2023 third quarter outcomes:
The income progress stood at Rs 58,229 crore because it witnessed a rise of 19.1% YoY. The whole income earned for this quarter quantities to Rs 582,290.
The firm’s attrition charge stood at 21.3% this quarter, up from 21.5% within the earlier quarter. The TCS workforce stood at 613,974 as of December 31, 2022, a web discount of two,197 over the quarter. “IT service attrition based on LTM was trending downward at 21.3 percent and is expected to fall further in the coming quarters,” the group said in its presentation. Employed girls represent 35.7% of the workforce.
TCS recorded a web revenue of Rs 10,846 crore, representing a progress of 11% YoY.
With Operating Margin at 24.5 p.c, there was a contraction of 0.5 p.c YoY, whereas Net Margin registered at 18.6 p.c. “Improved productivity, currency support, and diminished supply-side challenges helped expand our operating margin in the third quarter. This gives us greater confidence in our ability to steer our profitability towards our preferred range as we continue to invest in developing new capabilities to support our growth and market share gains,” added Samir Seksaria, Chief Financial Officer.
The administrators have introduced a 3rd interim dividend of ₹8 and a particular dividend of Rs 67 per capital share of Rs 1 every of the Company.
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