TCS dividend of Rs 45 per share: Net profit increased 1.8 per cent to Rs 8042 crore

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Mumbai, Ta. October 10, 2019, Thursday

IT-Software Services giant Tata Consultancy Services (TCS) Limited has announced modest results in anticipation of the second quarter ending September 1, 2015. On a consolidated basis, the company's net profit increased by 8.5 per cent to Rs 8 crore compared to the same period last year, while revenue increased by 8.5 per cent to Rs. The company has declared a total dividend of Rs 5 per share to shareholders, with a special dividend of Rs.

Analysts' net profit was estimated at Rs 1 to Rs 5 crore. The company's operating income increased by 8.5 percent to Rs 1 crore. The IT services attrition rate was 8.4% LTM. TCS has added 5,6 employees in the second quarter, while the number of employees on a consolidated basis has increased to 6,900 at the end of September 1.

Rajesh Gopinathan, chief executive officer and managing director of TCS, said of the second quarter results, "Despite volatility in financial services and retail verticals, the company has achieved steady growth in the quarter. The company is confident of maintaining strong demand for its medium to long term with its services.

Which shows the order book for the second quarter, the highest of the last six quarters. The company has declared a total dividend of Rs 5 per share. For which there is a special dividend of Rs. 1, the record date is fixed for October 1 and the payment date is October 1.

Digital revenue stood at 5.7 percent of total revenue, up 8 percent year-on-year. Life Sciences and Healthcare have consistently done well, with a growth rate of 5 percent, while communication and media grew by 8 percent. UK And Europe grew by 8 percent and 5 percent, respectively.

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