The Business Bytes
TBB BUREAU
MUMBAI, APRIL 12
Tata Consultancy Services (TCS) on Monday reported a 14.9 per cent growth in its consolidated net profit for the January-March quarter (Q4) of Financial Year 2020-21 on a year-on-year (YoY) basis at Rs 9,246 crore. The company had reported a consolidated net profit of Rs 8,049 crore during the corresponding period in FY20.
The revenue from operations of TCS during Q4FY21 was Rs 43,705 crore, 9.4 per cent higher than Rs 39,946 crore earned during the year-ago period, the company said in a regulatory filing.
Rajesh Gopinathan, Chief Executive Officer and Managing Director, TCS said: “Our investments over the last decade in building newer capabilities, and in research and innovation, position us well for the multi-year technology services opportunity ahead. While we continue to dominate in our traditional areas of strength, we are making good progress in gaining share in the growth and transformation opportunity.”
“Our focus going into FY 22 will be to engage with clients in their growth agenda, propelled by innovation and leverage of collective knowledge,” the CEO said.
The Board of Directors of the company has recommended a final dividend of Rs 15 per equity share.
