TCS Q4 net profit jumps to Rs. 6904 cr

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Mumbai : TCS, India’s largest software exporter today reported a net profit of Rs. 6,904 crore on net income from operations of Rs. 32,075 crore in the Jan-March Quarter. In the December quarter, TCS had reported net profit of Rs. 6,531 crore on net income from operations of Rs. 30,904 crore. Overall theFY18 Annual revenue grow by 4.4% to Rs 123,104 Cr. The company has added as many as 73 clients during the 2017-18 financial year.

 

TCS board approved a 1:1 bonus issue of equity shares, subject to the approval of the shareholders. The board of directors also has declared a final dividend of Rs. 29 per equity share. In dollar terms, TCS reported revenue of $4,972 million, up 3.9 per cent quarter-on-quarter and up 11.7 per cent year-on-year.

 

“Strong demand in digital across all industry verticals and large transformational deal wins have made this one of our best fourth quarters In recent years. The strong exit allows us to start the new fiscal on a confident note”Rajesh Gopinathan, CEO and MD, said.

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