TCS AGM: ₹33,873 cr paid via buyback, dividends in FY211 min read . Updated: 10 Jun 2021, 05:57 PM IST
- TCS paid ₹16,000 crore alone via a buyback in FY21
- TCS signed more than $31.6 billion in new contracts in the financial year 2021
Indian software company Tata Consultancy Services Ltd (TCS) on Thursday said the company paid ₹33,873 crore through dividend and buyback in FY21. TCS paid ₹16,000 crore alone via a buyback.
It returned 95% of free cash flow to the shareholders in the last financial year.
TCS's total dividend payout was ₹38 per share, including three interim dividends of ₹23 per share, N Chandrasekaran, Company's chairman said in the 26th Annual General Meeting (AGM) on Thursday.
TCS recorded 17.1% growth in total contracts won in the year, the company's CEO and MD Rajesh Gopinathan said.
Gopinathan said TCS signed more than $31.6 billion in new contracts in the financial year 2021. Besides, 97% of the company's employees continued to do work from home due to the Covid pandemic, Gopinathan added.
Further, the company said it invested ₹1,912 crore in Research & Innovation in FY21.
TCS also contributed ₹275 crore towards the Covid-related efforts. The company’s Research and Development arm is engaged in 72 Covid-related initiatives around the world such as data management, diagnostic kits, among others.
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