TCS Q3 Results: Profit rises 4% QoQ to Rs 10,846 crore, misses estimates

Tata Consultancy Services Ltd (TCS) pleasantly surprised the Street with a 5.3% sequential rise in consolidated revenue for the quarter ended December to Rs 58,229 crore. The revenue was above the ET Now poll of Rs 56,893 crore.

The net profit rose nearly 4% on quarter to Rs 10,846 crore but was lower than the expected Rs 11,200 crore. The software major also announced a special dividend of Rs 67 per share and an interim dividend of Rs 8 per share.