Company misses revenue estimates, margin sees improvement
Revenue for the quarter came in at Rs 39,854 crore, up 6.7 per cent YoY while in constant currency terms, revenue grew 6.8 per cent YoY.
The Rajesh Gopinathan-led company reported a 20.8 per cent year-on-year (YoY) increase in its revenue at Rs 37,338 crore while constant currency revenue grew 1.8 per cent QoQ and 12.1 per cent YoY.
Revenue for the quarter came in at Rs 37,338 crore, up 20.8 per cent YoY.
For October-December period of FY18-19, the IT major is expected to post revenue growth in CC terms between 1.5 per cent-2.2 per cent QoQ.
TCS had reported profit of Rs 68.14 billion on revenues of Rs 313.60 billion in the third quarter last year
The IT major announced dividend of Rs 7 per share; revenue rises 1.1% at Rs 309.04 bn