Friday, Jan 21, 2005
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By Our Staff Correspondent
MUMBAI, JAN. 20. Tata Consultancy Services (TCS) has announced a second interim dividend of Rs. 3.50 per share of Re. 1 each. This is the second interim dividend payout by the company after its listing on the National and the Bombay stock exchanges in August 2004. The record date for the payment of the second interim dividend has been fixed as February 4. TCS had distributed dividend of Rs. 3 as the first interim. On January 13, the company had announced its financial performance, reporting a net profit of Rs. 709 crores on revenues of Rs. 2,578.40 crores for the third quarter ended December 31, 2004. S. Ramadorai, Chief Executive Officer and Managing Director, TCS, said, "The company has reported an excellent financial performance and this second payout of interim dividend within six months of the initial public offering reiterates the philosophy of TCS and the Tata Group to reward its shareholders."
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