TCS Q4 profit rises 17.7 per cent to Rs 8,126 crore

The country's largest software services firm Tata Consultancy Services (TCS) on Friday reported 17.7 per cent growth in consolidated net profit at Rs 8,126 crore for the March 2019 quarter as compared to net profit of Rs 6,904 crore in an year-ago.

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.

"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.

Earlier in the day, shares of Tata Consultancy Services closed flat ahead of the announcement of its March quarter earnings.

The scrip declined 0.26 per cent to close at Rs 2,013.75 on the BSE. During the day, it fell by 0.54 per cent to Rs 2,008.05.

On the NSE, shares of the company closed 0.31 per cent lower at Rs 2,013.05. In terms of volume, 1.65 lakh shares were traded on the BSE during the day, while over 31 lakh shares changed hands on the NSE.