TCS Q3 FY2022 net profit grows 12.3% to Rs 9,760cr

TCS Q3 FY2022 results : Tata Consultancy Services (TCS) has registered a net profit of INR 9,769 crores for the third quarter of the fiscal year 2021-2022 (Q3 FY2022) that ended 31 December 2021, which is an increase of 12.3% year-over-year (YoY), compared to INR 8,701 crores in the same quarter of the previous fiscal year.

The earnings per share in Q3 FY2022 for Tata Consultancy Services were INR 26.41, an increase of 13.8%, compared to INR 23.19 in the same quarter of the previous fiscal year.

The Indian IT services company had revenue of INR 48,885 crores for the reported quarter, an increase of 16.3% compared to INR 42,015 crores in Q3 FY2021.

TCS Q3 FY2022 net profit grows 12.3% to Rs 9,760cr. Photo courtesy of Naveen.kumar.kotta/Wikipedia.org.

Rajesh Gopinathan — CEO and Managing Director of Tata Consultancy Services, commenting on TCS Q3 FY2022 results, said: “Our continued growth momentum is a validation of our collaborative, inside-out approach to our customers’ business transformation needs.

“Customers love our engagement model, our end-to-end capability, and our can-do approach to problem solving. While mapping out their innovation and growth journeys, we are also helping them execute new-age operating model transformations to support those journeys.”