TCS stock surges after better Q3 earnings

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
    TCS stock surges after better Q3 earnings
    Tata Consultancy Services: Quotes, News
    BSE 1927.70BSE Quote34 (-1.76%)
    NSE 1929.40NSE Quote32.9 (-1.71%)
    Shares of the Tata Consultancy Services surged 3% on Tuesday after the company reported better than expected results.

    Tata Consultancy Services shares were seen trading at Rs 1,357, higher by 1.72% at 10.10 am IST. It touched an intra-day high of Rs 1,400.

    India's largest IT company, Tata Consultancy Services has reported net profits that beat market expectations with a Q3 FY 2013 figure at Rs 3550 crores, up 26.6 per cent year on year.

    On Friday, India's second largest IT company Infosys surprised the markets with a spectacular set of numbers.

    TCS said in a post result statement that growth in Q3 December 2012 was broad-based. Among mature markets, USA and UK led the growth story, the company said.

    Commenting on the results, Chief Executive Officer and Managing Director, N Chandrasekaran said: We have had an excellent quarter of well rounded performance and have driven a higher quality of revenue and increased profitability through focus on productivity and innovation.

    We had good revenue growth, balanced across service-lines, industries and geographies. Our agile, customer-centric organization is delivering an increasing number of larger and deeper client relationships. We believe that clients are going to invest in making their operations digital-ready in 2013 and drive business growth. TCS is well positioned to help our clients in this journey, he added further.

    GoodReturns.in

    Read more about: tcs infosys
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
    India's LARGEST EVER political poll. Have you participated yet?

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more