The share price of IT services company Tata Consultancy Company (TCS) rose by 1.30% today in early trade. The share price hit at Rs. 3909.95 per equity share and representing an increase of 1.30% at 09:18 AM IST.
On 12 January Tata Consultancy Services announced its financial results report of the quarter ending December 2021 and reported a net profit of Rs. 9769 crore with a growth rate of 12.27% in net profit.
As compared to the net profit in the previous quarter ending September 2021, which was estimated to be around Rs. 9,624 crore with a growth rate of 6.84%. Following the Q3 results TCS’ board also announced buyback share at Rs 4500 per equity share. The company will buy shares worth Rs 18000.
Tata Consultancy Services is a leading Indian multinational IT service and consulting company. And, As of February 2021, TCS is the largest IT services company in the world by market capitalisation. The total revenue of TCS as of 2021 is estimated to be INR 1.67 lakh crores ($22 Billion) and the Information Technology giant has 5,09,057 employees as of July 2021.
