TCS sets record date for ₹17,000-cr share buyback
TCS to buyback up to 4,09,63,855 shares at ₹4,150 apiece; stock rises today
TCS to buyback up to 4,09,63,855 shares at ₹4,150 apiece; stock rises today
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.
TCS' attrition rate remains high at 21.5% on an annualised basis. The board declares a 2nd interim dividend of ₹8 per share.