Business

TCS posts stellar numbers in Q3, net profit up 3.2% quarter-on-quarter

MD and CEO Rajesh Gopinathan stated the corporate had seen broad-based development throughout geographies and verticals.

TCS on Friday reported a spectacular set of numbers for Q3FY21, posting a net profit of Rs 8,701 crore, up 3.2% quarter-on-quarter and powerful Ebit margins of 26.6%. In a seasonally weak quarter, the income of Rs 42,015 crore marked a rise of 4.1% sequentially in fixed forex phrases and 5.1% in greenback phrases, the very best Q3 development in 9 years. TCS gained offers value $6.8 billion through the quarter.

In 1 / 4 in which the software program providers main rolled out wage hikes, the working profit margin expanded 0.4% q-o-q and 1.6% y-o-y. The firm ends the quarter with money balances of Rs 65,000 crore.

MD and CEO Rajesh Gopinathan stated the corporate had seen broad-based development throughout geographies and verticals. “Our refocus and investments in new areas of technology is positioning us strongly across markets, including difficult markets like Europe, and differentiating us,” he stated at a press convention. He added the enterprise momentum was sturdy and anticipated to maintain by way of FY22.

Employee attrition at TCS hit a brand new all-time low of seven.6%. The consolidated headcount at December finish was 4,69,261, whereas the net addition was 15,721.

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