TCS stock slips 1% after Q3 numbers

TCS stock was down by 1% at Rs.2758 after company posted third quarter results.

TCS reported results for the third quarter ended 31 December, 2017. The revenue for the quarter stood at Rs 30,904 crore. The net income was at Rs 6531 crore.

The board of Directors have declared a Third Interim Dividend of Rs.7 per Equity Share of Re.1 each of the Company and that the same shall be paid to the equity shareholders of the Company whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Tuesday, January 23, 2018 which is the Record Date fixed for the purpose.

The Third Interim Dividend will be paid to the equity shareholders of the Company on Wednesday, January 31, 2018.

Commenting on the Q3 performance, Rajesh Gopinathan, CEO and MD, said: “We wrapped 2017 with a strong performance in the December quarter, marked by the signing of industry-defining deals, robust client metrics and broad-based demand across industry verticals. As lagging parts of our portfolio turn around, and areas of softness reduce, we are well placed for stronger growth ahead.”

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.