TCS dividend: TCS paid a special dividend of Rs 18 per share and an interim dividend of Rs 9 per cent share post its third quarter results. It announced Rs 45 per share in total dividend in FY24 so far.
TCS share price: UBS said that the market is not completely taking into account the impact of the large deal ramp-up and scope of margin improvement through utilisation, pyramid restructuring etc.
TCS’ CC revenue growth of 0.6% was weaker than the consensus estimate of 0.9% CC growth. Margin at 24.5% was also lower than Street expectations of 25%.