 "TCS dips post Q3 results")
Shares of Tata Consultancy Services (TCS) has dipped nearly 2% to Rs 2,495 on BSE in early morning trade after reporting a flat 1.6% quarter-on-quarter (Q-o-Q) growth in consolidated net profit at Rs 5,328 crore for the third quarter ended December 31, 2014 (Q3). The information technology major had profit of Rs 5,244 crore in September quarter.
Revenue grew 2.9% Q-o-Q at Rs 24,501 crore; TCS said in a statement.
In dollar terms, the revenue was flat at $3,931 million, while on a constant currency basis, it rose 2.5% sequentially.
As, for FY2015, the Management has maintained, that it will deliver growth higher than Industry (13-15% growth) and EBIT margins around 26-28%, analyst at Angel Broking said in a client note.
The stock opened at Rs 2,540 and hit a low of Rs 2,484 on BSE. A combined around 500,000 shares changed hands on the counter in first 10 minutes of trade on BSE and NSE.
Revenue grew 2.9% Q-o-Q at Rs 24,501 crore; TCS said in a statement.
In dollar terms, the revenue was flat at $3,931 million, while on a constant currency basis, it rose 2.5% sequentially.
As, for FY2015, the Management has maintained, that it will deliver growth higher than Industry (13-15% growth) and EBIT margins around 26-28%, analyst at Angel Broking said in a client note.
The stock opened at Rs 2,540 and hit a low of Rs 2,484 on BSE. A combined around 500,000 shares changed hands on the counter in first 10 minutes of trade on BSE and NSE.
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