TCS Declares a Net Profit of Rs 12,434 Crore in Q4 By CIOTechOutlook Team

TCS Declares a Net Profit of Rs 12,434 Crore in Q4

CIOTechOutlook Team | Saturday, 13 April 2024, 02:31 IST

TCS, an information technology firm, reported a 9% increase in consolidated net profit to ₹12,434 crore for the fourth quarter from ₹11,392 crore the previous year. Revenue from operations increased by 3.5% year over year to ₹61,237 crore. The corporation has announced an interim dividend of ₹28 per equity share.

“We are very pleased to close Q4 and FY24 on a strong note with the highest-ever order book and a 26 per cent operating margin, validating the robustness of our business model and execution excellence. In an environment of global macro uncertainty, we are staying close to our customers and helping them execute their core priorities with TCS’ portfolio of offerings, innovation capabilities and thought leadership," K Krithivasan, Chief Executive Officer and Managing Director of TCS, said.

N Ganapathy Subramaniam, Chief Operating Officer and Executive Director of the company said: “Our Q4 performance is robust, with broad-based deal wins across industries and geographies. Our products and platforms business sparkled with the mega-deal win at Aviva and emerging markets had another stellar growth quarter demonstrating the power of TCS’ diversified portfolio."

Tata Consultancy Services Limited (TCS) is a global Indian provider of IT services and consulting, With its headquarters located in Mumbai. It is a member of the Tata Group and has operations in 46 countries and 150 locations.