Report Wire - TCS shares leap over 2% after Q3 earnings

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TCS shares leap over 2% after Q3 earnings

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TCS shares jump over 2% after Q3 earnings

Shares of Tata Consultancy Services (TCS) on Thursday gained over 2 per cent after the agency reported a 12.2 per cent leap in December quarter internet revenue on good-looking income development, and guided in direction of sustaining the identical momentum going ahead.
The inventory gained 2.25 per cent to Rs 3,944.40 on the BSE.
On the NSE, it jumped 1.63 per cent to Rs 3,923.
The nation’s largest software program exporter TCS on Wednesday reported a 12.2 per cent leap in December quarter internet revenue at Rs 9,769 crore on good-looking income development, and guided in direction of sustaining the identical momentum going ahead on the again of a robust demand setting.

The firm, the money cow of the over USD 100 billion Tata Group, witnessed a 16.3 per cent leap in its income to Rs 48,885 crore for the reporting quarter.
The firm, which is sitting on money and equal of over Rs 65,000 crore, additionally introduced an as much as Rs 18,000-crore buyback supply the place it has dedicated to pay Rs 4,500 per share.
“The demand environment is strong and the possibility of growth headroom is very high. Our aim is to maintain the momentum and we will go all out for the same,” TCS managing director and chief government Rajesh Gopinathan instructed reporters.