TCS Q3 Results | TCS to declare Q3 results on Jan 15, 2009

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Tata Consultancy Services Ltd (TCS) has informed BSE that a meeting of the Board of Directors of the Company will be held on January 15, 2009, to approve and take on record the audited financial results of the Company for the quarter ended December 31, 2008 (Q3) and to consider declaration of a Third Interim Dividend to the Equity Shareholders.

Further the Company has informed that, January 29, 2009 has been fixed as the Record Date for the purpose of payment of Third Interim Dividend, if declared.

Tata Consultancy Services Ltd (TCS) has announced that a meeting of the Board of Directors of the Company will be held on January 15, 2009, to approve and take on record the audited financial results of the Company for the quarter ended December 31, 2008 (Q3) and to consider declaration of a Third Interim Dividend to the Equity Shareholders.

Further the Company has informed that, January 29, 2009 has been fixed as the Record Date for the purpose of payment of Third Interim Dividend, if declared.

The stock was trading at Rs.486, down by Rs.21.65 or 4.26%. The stock hit an intraday high of Rs.514 and low of Rs.466.20.

The total traded quantity was 283887 compared to 2 week average of 263187.

Country's largest software exporter Tata Consultancy Services Ltd (TCS) today said its net profit increased 24.03 per cent at Rs 1,178.99 crore for the quarter ended December 31, 2007 as compared to Rs 950.52 crore for the corresponding period previous year.

The total income increased 28.38 per cent to Rs 4941.48 crore from Rs 3848.83 crore for the same period. The board, which met today, approved to issue and allot Rs 100 crore non-convertible redeemable preference shares to the promoter of the company Tata Sons, subject to the approval of shareholders.

The company has bagged a 100 million dollars contract from Global Insurance Company, beside securing another 200 million dollars contract from a Mexico firm.

TCS, that has suffered attrition rate of 12 per cent, will hire about 32,500 people in FY08...via