Tata Consultancy Services (TCS), India’s IT bellwether, made waves on January 9 with its third interim dividend announcement, sweetened by a generous special dividend. Shareholders are set to receive ₹10 per equity share as an interim dividend and an additional ₹66 per share as a special dividend, both on shares with a face value of ₹1 each. The payout will hit accounts on February 3, 2025, for those listed in the company records by January 17. TCS unveiled its financial results for the October-December quarter after market hours on Thursday, revealing a 12% year-on-year rise in net profit, reaching ₹12,380 crore, compared to ₹11,058 crore in the same period last year. Revenue from operations climbed 5% to ₹63,973 crore, up from ₹60,583 crore a year earlier. The Communication, Media, and Technology (CMT) segment emerged as the star performer, with revenue surging 20% to ₹11,989 crore, marking a sharp contrast to its previous ₹9,932 crore. The BFSI (Banking, Financial Services, and Insurance) segment, a critical revenue driver for TCS, posted a steadier 3.6% growth to ₹23,481 crore, compared to ₹22,667 crore in the preceding quarter. Despite the positive results, the market appeared unimpressed, as TCS shares slipped 1.72% to ₹4,036.65 by the close of Thursday’s trading session. Investors might be weighing the broader implications of a global slowdown in IT spending, even as TCS continues to deliver stable growth.