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TCS Q4 Net Profit @Rs 6,9K Cr,Announces Bonus 1:1

Apr. 19 Economy Comments

[Mumbai] Software Exporter TCS Q4 Net Profit up 4.4% @Rs 6,904 Cr:Annoounces Bonus 1:1
The country’s largest software exporter TataConsultancyServices[TCS] had reported a net profit of Rs 6,608 crore in the same period last fiscal,
The Tata Group company, which accounts for a lion’s share of the group’s overall profit, reported a revenue growth of 8.2 per cent at Rs 32,075 crore for the said quarter, up from Rs 29,642 crore a year earlier.
“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,” TCS CEO and MD Rajesh Gopinathan said.
Strong deal wins and a good pipeline positions TCS very well in the new fiscal, TCS Chief Operating Officer and Executive Director N Ganapathy Subramaniam said.
Digital revenue accounted for 23.8 per cent of the revenue, up 42.8 per cent year-on-year.
For the entire 2017-18, TCS saw its net profit dipping 1.7 per cent to Rs 25,826 crore, while revenue rose 4.3 per cent to Rs 1.23 lakh crore.

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