Mumbai: Country's largest IT services firm Tata Consultancy Services (TCS) on Thursday reported 1.8 percent rise in consolidated net profit at Rs 8,042 crore for the quarter ended 30 September, 2019.
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It had posted a net profit of Rs 7,901 crore in the year-ago period, TCS said in a BSE filing. Revenue of the Mumbai-based firm grew 5.8 percent to Rs 38,977 crore in the July-September quarter compared with Rs 36,854 crore in the same quarter of the previous fiscal, it added.
TCS, whose results kick-off the earnings season for tech companies, also said its Board has declared a second interim dividend of Rs 5 and a special dividend of Rs 40 per equity share of Re 1 each of the company.
"We ended the quarter with steady growth despite increased volatility in the financial services and retail verticals. We remain confident as the medium and longer-term demand for our services continues to be very strong, as evidenced by our Q2 order book - the highest in the last six quarters," TCS CEO and Managing Director Rajesh Gopinathan said.
Updated Date: Oct 10, 2019 17:29:43 IST