139 Tata Consultancy Services Ltd. (TCS) reported third quarter net profit surged 11% year-on-year (yoy) to ₹10,846 crore, on the back of strong performance in its cloud business, market share gain and currency support. Revenue grew 19.1% to ₹58,229 crore. In constant currency, revenue expanded 13.5%. Operating margin narrowed 50 basis points to 24.5%. The board announced a dividend of ₹75 per share including special dividend of ₹67 per share. The record date is January 17 and payment would be made on February 3.. Significantly, net headcount declined by 2,197 from the previous quarter. At the end of December, the company had a workforce totaling 6,13,974. Attrition dropped to 21.3% from 21.5%, after six quarters of uptick. You Might Be Interested In Morgan Stanley Analyst Sees Tesla’s Future: AI and Self-Driving Technology as Catalysts for Growth Amazon Discontinues Astro for Business, Shifts Focus to Household Robots Rakuten Prepares to Unveil ‘Highly Distinctive’ AI Language Model, Expects Profitable Growth Alibaba enters the race for a ChatGPT like app Innova Solutions Pivots Toward India, Plans Operational Expansion in 2024 Young Entrepreneurs Reshaping Djibouti’s Business Horizon