{"id":138543,"date":"2023-01-09T08:20:47","date_gmt":"2023-01-09T13:20:47","guid":{"rendered":"https:\/\/44.250.171.167\/?p=138543"},"modified":"2023-01-09T08:24:50","modified_gmt":"2023-01-09T13:24:50","slug":"tcs-delivers-strong-q3-rev-crosses-7-bn-propelled-by-cloud-demand-and-market-share-gains","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/tcs-delivers-strong-q3-rev-crosses-7-bn-propelled-by-cloud-demand-and-market-share-gains\/","title":{"rendered":"TCS Delivers Strong Q3; Revenue crosses $7 bn propelled by cloud demand and market share gains"},"content":{"rendered":"\n<p>Tata Consultancy Services (TCS) on January 9 reported a 10.98 percent increase in its consolidated net profit at INR10,883 crore for the quarter ended December 2022 (Q3FY23). The company had posted a profit of INR 9,806 crore in the year-ago period.<\/p>\n\n\n\n<p>The consolidated revenue from operations came in at INR 58,229 crore, up 19.11 percent against INR 48,885 crore in the corresponding quarter of the previous fiscal.<\/p>\n\n\n\n<p>The company also announced a dividend of INR 75 per share including INR 67 as a special dividend. The record date f or dividends is January 17 and the payment date is February 3, 2022.Order book for the quarter stood at $7.8 billion.<\/p>\n\n\n\n<p>\u201cWe are pleased with our strong growth in a seasonally weak quarter, driven by cloud services, market share gains through vendor consolidation, and continued momentum in North America and the UK,&#8221; said Rajesh Gopinathan, Chief Executive Officer and Managing Director, TCS. &#8220;The sustained strength of demand for our services is a validation of the value we provide to our clients in helping them differentiate themselves while enhancing their competitiveness. Looking ahead, and beyond current uncertainties, our longer-term growth outlook remains robust.\u201d<\/p>\n\n\n\n<p>TCS&#8217; net headcount went down by 2,197 employees, the company said. Its last twelve-month IT Services attrition rate was at 21.3 percent.<\/p>\n\n\n\n<p>\u201cImproved productivity, currency support and abating supply side challenges helped expand our operating margin in Q3,&#8221; said Samir Seksaria, Chief Financial Officer, TCS. &#8220;This gives us greater confidence in our ability to steer our profitability towards our preferred range while continuing to invest in building newer capabilities to support our growth and market share gains.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"944\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/21b9417f-ff02-4021-8b45-83123cc21a67-944x1024.png\" alt=\"\" class=\"wp-image-138544\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/21b9417f-ff02-4021-8b45-83123cc21a67-944x1024.png 944w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/21b9417f-ff02-4021-8b45-83123cc21a67-277x300.png 277w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/21b9417f-ff02-4021-8b45-83123cc21a67-768x833.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/21b9417f-ff02-4021-8b45-83123cc21a67-1417x1536.png 1417w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/21b9417f-ff02-4021-8b45-83123cc21a67-1889x2048.png 1889w\" sizes=\"auto, (max-width: 944px) 100vw, 944px\" \/><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Consultancy Services (TCS) on January 9 reported a 10.98 percent increase in its consolidated net profit at INR10,883 crore for the quarter ended December 2022 (Q3FY23). The company had posted a profit of INR 9,806 crore in the year-ago period. The consolidated revenue from operations came in at INR 58,229 crore, up 19.11 percent [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":49407,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,8],"tags":[9007,6100],"class_list":["post-138543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-technology-stocks","tag-information-technology-services","tag-software-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":139705,"url":"https:\/\/alphastreet.com\/india\/vedanta-q3fy23-net-profit-drops-by-42-declared-an-interim-dividend-of-inr-12-5\/","url_meta":{"origin":138543,"position":0},"title":"Vedanta Q3FY23 net profit drops by 42%, declared an interim dividend of INR 12.5","author":"Chirag Gupta","date":"February 1, 2023","format":false,"excerpt":"Vedanta Limited on January 27 reported a 41.81 percent drop in consolidated net profit for the quarter ended December 2022 at INR 2,464 crore against INR 4,164 crore in the same quarter last year. The revenue from operations came in at INR 33,691 crore, down 0.01 percent from INR 33,697\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/a73909cd-ee24-4b52-9fca-10f6b37c7a81.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/a73909cd-ee24-4b52-9fca-10f6b37c7a81.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/a73909cd-ee24-4b52-9fca-10f6b37c7a81.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/a73909cd-ee24-4b52-9fca-10f6b37c7a81.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/a73909cd-ee24-4b52-9fca-10f6b37c7a81.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/a73909cd-ee24-4b52-9fca-10f6b37c7a81.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":138682,"url":"https:\/\/alphastreet.com\/india\/metro-brands-q3fy23-results-out-net-revenue-up-by-24\/","url_meta":{"origin":138543,"position":1},"title":"Metro Brands Q3FY23 results out: Net revenue up by 24%","author":"Chirag Gupta","date":"January 17, 2023","format":false,"excerpt":"The share price of Metro Brands declined half a percent to INR 843.3 on January 17 after contraction in operating profit margin for the quarter ended December 2022, but the highest ever profit, revenue and EBITDA capped the downside. The footwear retailer has recorded a 10.8 percent on-year growth in\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":141351,"url":"https:\/\/alphastreet.com\/india\/vedanta-ltd-q3fy23-net-profit-drops-by-42\/","url_meta":{"origin":138543,"position":2},"title":"Vedanta Ltd Q3FY23 net profit drops by 42%","author":"Chirag Gupta","date":"February 13, 2023","format":false,"excerpt":"Vedanta Limited on January 27 reported a 41.81 percent drop in consolidated net profit for the quarter ended December 2022 at INR 2,464 crore against INR 4,164 crore in the same quarter last year. The revenue from operations came in at INR 33,691 crore, down 0.01 percent from INR 33,697\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":142652,"url":"https:\/\/alphastreet.com\/india\/varun-beverages-q3fy23-net-profit-rises-by-150-percent\/","url_meta":{"origin":138543,"position":3},"title":"Varun Beverages Q3FY23 net profit rises by 150 percent","author":"Chirag Gupta","date":"February 23, 2023","format":false,"excerpt":"One of the largest franchisees of PepsiCo Varun Beverages reported a 150% year-on-year (YoY) increase in its consolidated profit after tax at INR 81.5 crore for the quarter ended December 31, 2022. The company had reported a net profit of INR 32.5 crore in the same quarter of the previous\u2026","rel":"","context":"In &quot;Consumer&quot;","block_context":{"text":"Consumer","link":"https:\/\/alphastreet.com\/india\/category\/consumer-stocks\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":142580,"url":"https:\/\/alphastreet.com\/india\/uno-minda-reported-a-47-percent-spike-in-its-net-profit-in-q3fy23\/","url_meta":{"origin":138543,"position":4},"title":"Uno Minda reported a 47 percent spike in its net profit in Q3FY23","author":"Chirag Gupta","date":"February 23, 2023","format":false,"excerpt":"Auto components maker Uno Minda reported 47.21 per cent rise in consolidated net profit at INR 173.95 crore for the third quarter ended December 31, 2022. The company had logged a net profit of INR 118.16 crore in the same quarter last fiscal year, Uno Minda said in a regulatory\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":142327,"url":"https:\/\/alphastreet.com\/india\/torrent-power-q3fy23-net-profit-rises-by-88-declares-dividend-of-inr-22\/","url_meta":{"origin":138543,"position":5},"title":"Torrent Power Q3FY23 net profit rises by 88%, declares dividend of INR 22","author":"Chirag Gupta","date":"February 21, 2023","format":false,"excerpt":"Torrent Power Ltd on Tuesday reported an 88% jump in net profit at INR 694.5 crore for the third quarter that ended December 31, 2022. Net profit for the year-ago period was INR 369.4 crore. During the quarter, total revenue stood at INR 6,442.8 crore, up 71 per cent against\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/138543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=138543"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/138543\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/49407"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=138543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=138543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=138543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}