TCS Q3 earnings: Here is what to what to expect from the stock today3 min read . Updated: 09 Jan 2023, 09:41 PM IST
- In December 2022 quarter, TCS garnered a net profit of ₹10,846 crore attributable to shareholders on a consolidated basis up by 11.02% YoY and 3.98% QoQ. Also, net margin stood at 18.6% for the quarter, whereas the operating margin stood at 24.5% contracting by 0.5% YoY.
IT giant Tata Consultancy Services (TCS) missed estimates in terms of profitability and margins for the quarter ending December 31, 2022. However, revenue was better than expected. There has been a slight decline in order book during Q3, while the company carried layoffs in employee headcount for the quarter. Post Q3, TCS share price is likely to reach between 'neutral' to 'positive'.
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