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    Vikshita Vitthal Gujaran in News

    09-Jan-2023 04:29 AM


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    TCS Q3 results: Ease in supply-side pressure may lift margins. Key factors to look out

    All eyes are set on IT-giant Tata Consultancy Services (TCS) which is set to announce its financial performance for the quarter ending December 31, 2022 (Q3FY23) period on January 9.
    TCS has already announced that the board of directors will consider the third interim dividend for FY23 on January 9.
    Further, the brokerage's note added, "We expect TCS to report CC QoQ growth of 1.5% for the quarter to be aided by continued deal execution albeit growth will be lower compared to strong H1 on lesser working days.
    During the second quarter of FY23, TCS garnered a net profit attributable to shareholders at ₹10,431 crore in Q1FY23 up by 8.4% yoy and 10.5% qoq.
    Consolidated revenue from operations came in at ₹55,309 crore rising by 18.01% yoy and 4.84% qoq.
    Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.

    Source - Mint