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TCS starts earning season for Q4 for IT sector on high; report 9.1 pc jump in net income at Rs 12434 cr

TCS starts earning season for Q4 for IT sector on high; report 9.1 pc jump in net income at Rs 12434 cr

Mumbai, Apr 12 (UNI) IT Major Tata Consultancy Services (TCS) on Friday started the earning season for the Q4 for tech sector on a high note as it reported 9.1 per cent jump in net profit at Rs 12,434 crore during January-March quarter of 2023-24.

Total revenue stood at Rs 61,237 crore up 3.5 per cent, the company said in a press statement and proposed a final dividend of Rs 28 a share.

K Krithivasan, Chief Executive Officer and Managing Director, said, “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 on their core priorities with TCS’ portfolio of offerings, innovation capabilities and thought leadership.”

TCS’s full Year (2023-24) Revenue stood at Rs 240,893 crore, a growth of 6.8 per cent, the company said adding that growth was led by UK up by 10.1 per cent and Regional Markets up 19.8 per cent.

Net income for the full financial year is Rs 46,585 crore up 10.5 per cent year-on-year basis.

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