India’s largest IT companies firm TCS will declare its Q4FY23 monetary outcomes on April 12.
TCS board can be anticipated to contemplate a ultimate dividend for 2022-23 at its twenty eighth annual basic assembly
India’s earnings season is all set to begin subsequent week, with India’s largest IT companies firm TCS being the primary to declare its Q4FY23 monetary outcomes on April 12. Apart from monetary outcomes, the TCS board can be anticipated to contemplate a ultimate dividend for 2022-23 at its twenty eighth annual basic assembly.
Another IT main Infosys will announce its outcomes for the fourth quarter and yr ended March 31, 2023, on Thursday, April 13, 2023 round 3.45 pm Indian Standard Time (IST).
After the announcement of Q4 outcomes, TCS’ management workforce will deal with the media in a press convention at 17:30 hrs IST (20:00 hrs SST/HKT, 12:00 hrs UTC, 08:00 hrs US ET). The interplay shall be streamed stay on the corporate’s web site and on its YouTube channel, in accordance with a regulatory submitting.
“Tata Consultancy Services Limited will announce its outcomes for the fourth quarter of FY 2023, ended March 31, on Wednesday, April 12, 2023, after-market buying and selling hours,” it mentioned.
In the previous quarter of October-December 2022, Tata Consultancy Services’ (TCS) consolidated net profit stood at Rs 10,846 crore, a jump of 11 per cent on a year-on-year basis. During October-December 2022, TCS’ revenue rose 19.1 per cent year-on-year to Rs 58,229 crore.
On a constant currency basis, TCS revenue jumped 13.5 per cent during the December 2022 quarter. TCS’ board had also declared a third interim dividend of Rs 8 and a special dividend of Rs 67 per equity share of Rs 1 each of the company.
Shares of Tata Consultancy Services (TCS) on Wednesday was trading 1.62 per cent higher or Rs 51.75 at Rs 3,251 apiece at 12:07 pm.
In the third quarter of the current financial year (Q3FY23), Infosys recorded a 20.2 per cent growth in revenue at Rs 38,318 crore as compared with Rs 31,867 crore year-on-year (YoY). The net profit of the company rose 13.4 per cent to Rs 6,586 crore during Q3FY23.
The IT major said its deal wins were strongest in eight quarters, as it revised upward its FY23 revenue guidance to 16-16.5 per cent in constant currency terms (CC). Infosys, however, retained its Ebit margin guidance at 21-22 per cent for the financial year.
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