The IT major said its board will consider a share buyback on Wednesday, 12 January 2022.
On 12th January, the TCS board will take on record the audited financial results for the quarter and nine months ended 31 December 2021. The board will also consider the third interim dividend. The IT major has fixed 20 January 2022, as the record date for the dividend.TCS is a global IT services, consulting and business solutions organization.
The IT major's consolidated net profit rose 6.84% to Rs 9,624 crore on 3.21% increase in net sales to Rs 46,867 crore in Q2 FY22 over Q1 June 2021 Q1 FY22. On a year-on-year (YoY) basis, the IT major's net profit rose 28.75% and net sales rose 16.77% in Q2 FY22.
Shares of TCS rose 1.26% to Rs 3854.85 on Friday, 7 January 2022.
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