Infosys Skips Q3 Dividend After TCS Tops Street Estimates With Bumper Payout

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.