TCS Q3 2015-16 Results: 5 Must Know Things

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Tata Consultancy Services (TCS) on Tuesday reported Q3 numbers that were below street estimates.

The company's net profit for the quarter ending Dec 31, 2015 stood at Rs 6110 crores, higher by 0.9 per cent QoQ and 12.2 per cent YoY.

TCS Q3 2015-16 Results: 5 Must Know Things
Tata Consultancy Services: Quotes, News
BSE 2192.00BSE Quote5.55 (0.25%)
NSE 2192.95NSE Quote6.95 (0.32%)

5 things to know on TCS Q3 2015-16 results

1) Revenues

Total revenues were placed at Rs 27,364 crores, up 0.17 per cent. Constant currency growth for TCS the quarter was just about 0.5 per cent, which was again below estimates.

2) Dollar revenues

Dollar revenues were at 4145 million, which was down 0.3 per cent, against analysts estimates of a growth of 1 per cent.

3) Dividend

The company said that it will pay an interim dividend of Rs 5.50 equity share of Rs 1 each of the company.

4) Addition/Attrition

There was a total gross addition of 22,118 people (net addition of 9,071 employees) taking the total employee strength to 344,691 employees on a consolidated basis. The attrition rate (LTM) fell to 15.9 per cent.

5) Digital business

The digital business of the company has done well, with a 4 per cent growth. The company says that digital would continue to remain a focus area for the company.

Shares of the company were seen trading at Rs 2289, lower by 1.51 per cent on BSE at 10.04 am IST. It touched an intra-day low and 52- week low at Rs 2285.10 during the trade.

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