K. ARAVIND
TCS, India’s largest IT company, is the second largest Indian company with a market cap of Rs.12 lakh crore. TCS has put up excellent performance over the last few quarters. TCS follows a balanced approach in business, and the company is able to strongly resist changes in business cycles. TCS has over four lakh staff membe3rs. TCS is a company with a strong consumer base.
In the age of digitalisation, there has been a huge boom in the business of IT companies. Technology-based education and health care became popular during the COVID-19 period. E-commerce, cloud computing and electronic payment also became very popular during this period. This paved the way for IT companies to create new business opportunities. Therefore, it is expected that IT companies will continue to perform well.
TCS had the best third quarter results among IT companies. TCS has outperformed the market at all levels.
The company posted a net profit of Rs.8,701 crore. There was a 7 per cent increase in profits. The profit was Rs.8,118 crore during the same period last fiscal. The company’s revenue increased by 5.5 per cent. The company had a revenue of Rs.42,015 crore.
TCS has a market cap of Rs 12 lakh crore. TCS’s October-December quarterly results were the reason for the stock price to reach new highs. TCS is the second most valued company after Reliance Industries. One week after the release of the results, the market value of TCS has increased by Rs.8,500 crore.
TCS is a company that is generous towards investors. The company respects the interests of investors through dividends and share repurchases. Currently, TCS’ dividend yield is 2.25 per cent. That is, TCS’s dividend paid to investors during the last financial year was 2.25 per cent of the current share price.
