- Infosys announced Q3 results without a dividend payout for the quarter under review
- Net profit of Infosys was affected by a one-time labour code impact in Q3
- TCS exceeded market expectations in its third-quarter financial results
Infosys declared October-December quarter results for the current fiscal on Wednesday, Jan. 14, but skipped issuing a dividend payout for shareholders in the quarter-under-review. India's second-largest software services major's net profit was hurt by one-time labour code impact.
This comes after tech titan Tata Consultancy Services (TCS) topped market expectations and announced a bumper dividend of Rs 57 with a special payout on Jan. 12, while declaring the third quarter results.
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