TCS Q4 results highlights: Net profit rises 17.7 pct to Rs 8,126 crore
The country's largest software services firm Tata Consultancy Services (TCS) 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.
TRENDING NOW
"This is the strongest revenue growth that we have had in the last fifteen quarters. Our order book is bigger than in the prior three quarters, and the deal pipeline is also robust. Despite macro uncertainties ahead, our strong exit positions us very well for the new fiscal," Rajesh Gopinathan, chief executive officer and managing director at TCS, said.
TCS Board has recommended a final dividend of Rs 18 per equity share.
05:54 pm
TCS Dividend Payment Date: Tata Consultancy Services likely to announce interim dividend this week - Check Record Date
TCS shares trade in red - Buy, Sell or Hold? Here's what brokerage suggests
TCS expands partnership with Africa's Standard Bank Group for security settlement operations
TCS inks $1 billion deal with Jaguar to build future-ready digital services
TCS BaNCS powers payments transformation at Saudi Arabia's leading bank, BSF; TCS stock up 1%