Sunday, May 26 2024 | Time 04:05 Hrs(IST)
image
Business Economy


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.

MORE UNI SKB KK

More News

DVARA KGFS secures USD 10 mn in debt financing

25 May 2024 | 6:46 PM

Chennai, May 25 (UNI) Dvara Kshetriya Gramin Financials Pvt Ltd (Dvara KGFS), a financial services company dedicated to maximizing financial well-being in rural India, today, announced the successful debt raise of USD10 million to fuel the company's expansion plans and strengthen its efforts to empower underserved communities across the country.

see more..

Amulyam to open maiden flagship store in Hyderabad on May 27

25 May 2024 | 6:45 PM

Hyderabad, May 25 (UNI) Hyderabad-based Amulyam, a start-up co-founded by a couple to promote unique wedding gifts, and tableware, will formally open its maiden flagship store on Monday.

see more..

ZF CV Control systems, IIT-Madras signs MoU

25 May 2024 | 6:21 PM

Chennai, May 25 (UNI) ZF Commercial Vehicle Control Systems India
Limited signed a Memorandum of Understanding (MoU) with the Indian
Institute of Technology, Madras (IITM), focusing on the ‘Mobility and Intelligent
Transportation’ (MInT), which has an ambitious goal of building the Bharat
Multi-Modal Mobility Stack (BM 3 S).

see more..

Meghalaya to attract Rs 8000 crore private investment, says CM

25 May 2024 | 6:00 PM

Shillong, May 25 (UNI) Chief Minister Conrad Sangma has said that Meghalaya is projected to attract substantial private investment of Rs 8000 crore.

see more..
RBI gives nod for appointment of PK Sinha as Part-time Chairman of ICICI Bank

RBI gives nod for appointment of PK Sinha as Part-time Chairman of ICICI Bank

25 May 2024 | 2:26 PM

Mumbai, May 25 (UNI) The Reserve Bank of India (RBI) has approved the appointment of Pradeep Kumar Sinha as part-time chairman of ICICI Bank for a period of three years, with effect from July 1, 2024.

see more..
image