TCS revenues rise 20.8% to Rs 37,338 cr

Chennai: Leading IT Services company Tata Consultancy Services (TCS) released its financial results for the third quarter of the current financial year 2018-19 and reported a 20.8 per cent year-on-year increase in its revenue at Rs 37,338 crore.

The firm said its constant currency revenue grew 1.8 per cent QoQ and 12.1 per cent y-o-y.

The company has reported a double-digit revenue growth during the period led by BFSI and digital segments. Solid growth in the UK and Europe business, boosted performance, said the company.

The Rajesh Gopinathan-led company saw its operating margin come in at 25.6 per cent, a growth of 0.4 per cent y-o-y. Net income or PAT rose 24.1 per cent YoY to Rs 8,105 crore.

The company also announced an intertim dividend of Rs 4, record date of which has been set at 18 January. The payment date has been fixed on 24 January.

NT Bureau