Tata Consultancy Services posts 1.3% rise in Q3 net profit at Rs 65.31 bn

The IT major announced dividend of Rs 7 per share; revenue rises 1.1% at Rs 309.04 bn

Tata Consultancy Services Ltd's reported marginal sequential increase of 1.3% in December quarter at Rs 65.31 billion as against Rs 64.46 billion in September quarter, hurt by a dip in spending by banking and financial services clients.

The IT major announced dividend of Rs 7 per share.

Revenue also rose 1.1% to Rs 309.04 billion as against Rs 305.41 billion in the previous quarter. 

On annual terms, the net profit dropped 3.6% when compared to Rs 67.78 billion in year ago period but revenue growth was 3.9% as against Rs 297.35 billion in December