MUMBAI: Tata Consultancy Services (TCS), India’s largest software exporter today reported a 17.7% growth in consolidated net profit at Rs.8,126 crore for the January-March 2019 quarter. This is against a net profit of Rs.6,904 crore in the year-ago period, TCS said after its board meeting. The company’s Revenue grew 18.5% in the quarter under review to Rs.38,010 crore from Rs.32,075 crore in the corresponding period last fiscal. The company had added 6356 employees during the quarter. The company has proposed a final dividend of Rs.18 per share.
For the full year (2018-19), net profit was higher by 21.9% at Rs.31,472 crore, while revenue increased 19% to Rs.1,46,463 crore. The company had added 29,287 employees during the financial year. With this the total employee strength of TCS at the end of FY 19 stood at 424,285 on a consolidated basis.
“Thls 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 Goplnathan, Chief Executive OffIcer and Managing Director, said.