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TCS Q4 net rises 18% to Rs 8,126 cr

The country’s largest software services firm, Tata Consultancy Services (TCS), on Friday reported a 17.7 per cent growth in consolidated net profit at Rs 8,126 crore for the March 2019 quarter. This is against a net profit of Rs 6,904 crore in the year-ago period, TCS said in a regulatory filing.

Revenue of the city-based firm grew 18.5 per cent in the quarter under review to Rs 38,010 crore from Rs 32,075 crore in the corresponding period last fiscal, it added.

For the full year (2018-19), net profit was higher by 21.9 per cent at Rs 31,472 crore, while revenue increased 19 per cent to Rs 1,46,463 crore.

“This is the strongest revenue growth that we have had in the last 15 quarters. Our order book is bigger than in the prior three quarters, and the deal pipeline is robust. Despite macro uncertainties ahead, our strong exit positions us for the new fiscal,” Rajesh Gopinathan, Chief Executive Officer and Managing Director at TCS, said.

The TCS board has recommended a final dividend of Rs 18 per equity share.

Source: The Hindu