TCS profit up 12% at Rs9,769 cr
New Delhi, January 12
Tata Consultancy Services (TCS) on Wednesday reported a 12.2% rise in its consolidated net profit to Rs 9,769 crore for the December 2021 quarter, and announced an Rs 18,000-crore buyback offer for its shareholders at Rs 4,500 per scrip.
The country’s largest software services firm had logged a net profit of Rs 8,701 crore in the year-ago period. Revenue of the Mumbai-based firm grew 16.3% in the quarter under review to Rs 48,885 crore from Rs 42,015 crore in the corresponding period last fiscal, TCS said in a regulatory filing. The Board has recommended a share buyback of Rs 18,000 crore at Rs 4,500 apiece, it added.
The company has also announced a dividend of Rs 7 per share with the record date being set as January 20, 2022, and the payment date as February 7, 2022.
Infosys raises revenue guidance; Q3 profit up
Bengaluru: Infosys on Wednesday bumped up its annual revenue forecast and posted a near 12% jump in quarterly profit to Rs 5,809 crore from Rs 5,197 crore a year earlier, riding on strong demand for its software services from businesses accelerating their digital transformation due to the pandemic.
Revenue rose to Rs 31,867 crore, with the banking, financial services and insurance unit, which accounts for over a third of the total, posting a 16.85% growth in the quarter.
Wipro Q3 profit almost flat at Rs2,969 crore
Wipro on Wednesday posted a consolidated net profit of Rs 2,969 crore for the December 2021 quarter, and said it has logged strong performance in revenue and order bookings. Revenue from operations grew 29.6% to Rs 20,313.6 crore, from Rs 15,670 crore in the quarter ended December 2020. — Reuters/PTI
Revenue grows by 16.3%
- Revenue grew 16.3% in the quarter under review to Rs48,885 crore from Rs42,015 crore in the corresponding period last fiscal
- It will buy back shares at Rs4,500 apiece The company also announced a dividend of Rs7 per share with record date being January 20
