By IANS,
Mumbai : IT bellwether Tata Consultancy Services (TCS) Friday said it has posted a net profit of Rs.1,824 crore in the third quarter ended Dec 31, a year-on-year (YoY) increase of nearly 34 percent.
In a regulatory statement, TCS said its revenues in the third quarter of fiscal 2009-19 rose 5 percent YoY to Rs.7,649 crore, while its income from operations stood at Rs.7,648.54 crore, compared to the Rs.7,277 crore it posted in the year-ago period.
“Superior market presence helped TCS leverage the global economic recovery and post sequential across all operating regions,” the company said in the statement.
“While the US continues to lead demand recovery, UK and European firms are increasingly beginning to invest for the upturn,” it added.
The company board, which met earlier Friday, also declared a third interim dividend of Rs.2 per equity share of Rs.1 each.