Brand finance, Company

The country's largest software exporter Tata Consultancy Services (TCS) on Friday announced an interim dividend of Rs 8 per share.The Board of Directors of the company at its meeting held on Friday approved the interim dividend."We would like to inform you that at the Board Meeting held today, the Directors have declared an interim dividend of Rs 8 per Equity Share of Re 1 each of the Company," Tata Consultancy Services said in a regulatory filing to the stock exchanges.The interim dividend shall be paid on Wednesday, August 3, 2022, to the equity shareholders of the Company, whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Saturday, July 16, 2022, which is the Record Date fixed for the purpose, it said.The company has posted a net profit of Rs 9,478 crore for the first quarter of the current financial year as compared to Rs 9,008 crore reported in the corresponding period of the last year, registering a year-on-year growth of 5.21 per cent.The company's revenue jumped by 16.2 per cent year-on-year to Rs 52,758 crore for the quarter ended June 30."We are starting the new fiscal year on a strong note, with all-round growth and strong deal wins across all our segments. Pipeline velocity and deal closures continue to be strong, but we remain vigilant given the macro-level uncertainties," Rajesh Gopinathan, Chief Executive Officer and Managing Director, Tata Consultancy Services, said in a statement."Our new organisation structure has settled in nicely, getting us closer to our clients and making us nimbler in a dynamic environment. Looking ahead, we remain confident in the resilience of technology spending and the secular tailwinds driving our growth," Gopinathan said.TCS said its constant currency revenue growth during the quarter under review stood at 15.5 per cent year-on-year.The company's operating margin contracted by 2.4 percentage point to 23.1 per cent.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Brand FinanceFOLLOW

Brand finance, Latest News

The electric two wheeler Company further aims to achieve an additional 4X growth and addition of 200 new outlets ... ...

The Chief Financial Officer (CFO) of US-based crypto platform Voyager Digital, Ashwin Prithipaul, has decided to resign from his post months after his appointment. ...

IMPACT STAR HEATH Good news for Wrestling fans in India New Delhi (India), September 22: Anthem Sports & Entertainment, ... ...

Washington, Sep 10 Queen Elizabeth II, who died on Thursday at Balmoral Castle in Scotland at age 96, ... ...

July 30: The award was given to Sunal Gulati, CEO of the Company, at the SMEBIZZ CEO Star Awards held ... ...

Max Life Insurance Company Ltd ("Max Life" / "Company"), has announced its highest-ever participating (PAR) bonus of Rs 1,420 Crore for eligible policyholders in FY21-22. With this, Max Life has surpassed the milestone of Rs 10,000 Crore of declared ...

Max Life Insurance Company Ltd ("Max Life" / "Company"), has announced its highest-ever participating (PAR) bonus of Rs 1,420 Crore for eligible policyholders in FY21-22. With this, Max Life has surpassed the milestone of Rs 10,000 Crore of declared ...

The country's largest software exporter Tata Consultancy Services (TCS) on Friday announced an interim dividend of Rs 8 per share. ...