THE country's largest IT services company Tata Consultancy Services (TCS) on Thursday beat Street estimates and reported a 12% increase in its net profit at ₹12,380 crore for the third quarter ended December 2024 compared to ₹11,058 crore in the same quarter last year.
However, excluding the settlement of the legal claim that it had incurred in Q3 FY24, its y-o-y net income growth stood at 5.5%. The company's net margin for the third quarter was at 19.4%. Its revenue for the quarter ended December 2024 was at ₹63,973 crore, up 5.6% YoY.
In Q3, the company saw macro factors of Q2 continuing as well as it was coupled with seasonality. "The third quarter also showed softness in discretionary demand so they contributed to the negative sequential growth in all major markets," said K Krithivasan, Chief Executive Officer and Managing Director, TCS.
この記事は The New Indian Express Bhubaneswar の January 10, 2025 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は The New Indian Express Bhubaneswar の January 10, 2025 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Spanish Film Emilia Pérez Bags 13 Oscar Nominations
In the wake of devastating wildfires in Los Angeles that struck at the heart of the movie industry, an embattled Hollywood lined up behind the Netflix narco-musical about trans identity 'Emilia Pérez' in Oscar nominations Thursday.
Want to revive 'family tree' at the click of a mouse? Come to Maha Kumbh
WITH lakhs of people taking holy dip at Maha Kumbh, pandas or traditional priests are busy tracing the roots of devotees through digitised family records in a camp at Sangam.
Hope for Sundargarh steel corridor brightens ahead of Vaishnaw visit
The railway minister had assured to set up Barbil-Bimlagarh-Rourkela steel corridor last year
Champions League: Thrilling PSG comeback adds to Man City misery
PSG pushed Manchester City to the brink of Champions League elimination after coming from two goals down to win 4-2 on Wednesday, while Arsenal all but secured their place in the last 16.
HC seeks affidavit from Centre, state on Netaji PIL
THE Orissa High Court has asked the central and state governments to file affidavits in reply to a PIL seeking certain directions regarding Netaji Subhas Chandra Bose by February 12.
People Of 8 Panchayats Of Umerkote Join Hands, Seek New Block Status
The demand for a new block comprising eight panchayats under Umerkote block in Nabarangpur district is gaining momentum.
Iron Age Began on Tamil Soil, Says CM, Cites Scientific Proof
5,300 YRS AGO
Notices to Ola, Uber over price disparity
The Centre has issued notices to Ola and Uber over complaints that they were charging different prices from customers depending on whether the booking was from an iPhone or an Android smartphone.
Police commissioner's ultimatum to drug peddlers: Reform or face action
IN a stern message to drug peddlers, Police commissioner S Dev Datta Singh on Thursday said stringent action would be initiated against those selling illegal products near educational institutions.
Five Injured in Series Accidents at Rajmahal Sqr
At least five persons were injured as several vehicles including two Mo Buses and a car rammed into each other near the Ashok Nagar bus stop at Rajmahal-Master Canteen square on Thursday.
