Tata Consultancy Services Reports Third Quarter Net Profit Increased; Declare a third interim dividend

   By Mauro Orru 
 

Tata Consultancy Services Ltd. said on Wednesday that its third-quarter net profit was up from a year earlier, but was slightly below analysts’ expectations.

The Indian IT services provider said its net profit for the quarter ended Dec.31 climbed to 97.69 billion Indian rupees ($ 1.32 billion), from 87.01 billion INR a year earlier . However, the result missed a net profit estimate of INR 99.64 billion from a survey of analysts at S&P Global Market Intelligence.

Third-quarter revenue reached INR 488.85 billion, compared to INR 420.15 billion a year earlier.

The company declared a third interim dividend of INR 7 per share, payable on February 7.

 

Write to Mauro Orru at [email protected]; @ MauroOrru94

 

(END) Dow Jones Newswires

January 12, 2022 08:23 ET (13:23 GMT)

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