TCS Q2 profit surges 5% to ₹11,909 cr, revenue up 7.6%
TCS board declares an interim dividend of ₹10 per equity share. The record date on October 18 and payment on November 5
TCS board declares an interim dividend of ₹10 per equity share. The record date on October 18 and payment on November 5
TCS plans buyback of 4,09,63,855 equity shares for ₹17,000 crore at ₹4,150 apeice
TCS to buyback up to 4,09,63,855 shares at ₹4,150 apiece; stock rises today
Infosys’ Q2 revenue grows 6.7% to ₹38,994 cr against 36,538 cr during year-ago period; attrition rate falls to 14.6%
TCS will acquire a total of 4,09,63,855 shares at a 13% premium over Wednesday's market closing price of ₹3,613
The revenue from operations of the IT major stood at ₹59,692 crore in the September quarter this year, up 10% (YoY) as against ₹55,309 crore in the same period last year.
TCS is expected to post constant currency revenue growth of 1% with 20 bps cross currency headwinds translating into 0.8% QoQ dollar revenue growth.
The company’s revenue surged 18% YoY to ₹55,309 for the September quarter, while its revenue in constant currency grew 5.4% on a year-on-year basis.
TCS' attrition rate remains high at 21.5% on an annualised basis. The board declares a 2nd interim dividend of ₹8 per share.