Thu Jan 09 23:04:15 UTC 2025: ## TCS Reports Strong Q3 Results Despite Seasonal Weakness

**Mumbai, January 9, 2025** – Tata Consultancy Services (TCS), India’s largest IT services company, announced its December quarter (Q3) results today, reporting figures largely in line with market expectations. While Q3 typically sees a slowdown for IT firms, TCS highlighted a robust total contract value (TCV) of $10.2 billion, indicating strong future growth.

The company’s consolidated revenue reached ₹63,973 crore (approximately $7.7 billion USD), a 5.6% year-on-year (YoY) increase. Profit attributable to shareholders rose 12% YoY to ₹12,380 crore (approximately $1.5 billion USD). Operating margin, while down slightly year-on-year at 24.5%, improved sequentially.

Key highlights include strong growth in the Banking, Financial Services, and Insurance (BFSI) and Consumer Business Group (CBG) segments, offsetting declines in Communication & Media and Life Sciences & Healthcare. Geographical growth was robust in most regions, with Indian markets showing a significant 70.2% YoY surge. North America and Continental Europe experienced slight declines.

TCS secured several major deals, including extended partnerships with Telenor Denmark and Air France-KLM, a 15-year contract with Ireland’s Department of Social Protection, and a multi-year agreement with a leading US life and annuities provider to implement AI-powered solutions.

The company also announced a third interim dividend of ₹10 and a special dividend of ₹66 per share, payable on February 3rd, 2025. TCS’s employee base stands at 607,354, with attrition at 13% for the past twelve months.

CEO and MD K. Krithivasan expressed confidence in the company’s future, citing the strong TCV, recovering sectors, and ongoing investments in upskilling and AI/Gen AI technologies. The company’s robust deal pipeline and strategic partnerships position TCS for continued growth in the coming quarters.

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