India’s largest software Company Tata Consultancy Services (TCS), after market hours on Friday, announced its Q4 earnings. The company reported a 17.7pc growth in net profit at Rs.8126-crore for the March 2019 quarter. This is in comparison with the net profit of Rs6904-Crore on Year-on-Year basis.
Revenue of the company mounted 18.5pc in the quarter under review to Rs.38,010-Crore from Rs32,075-Crore in the corresponding period last fiscal. For year 2018-19 full, the net profit was higher by 21.9pc at Rs.31,472-Crore, while revenue increased 19pc to Rs1,46,463-Crore. This is considered as the strongest revenue growth that the company has had in the last 15 quarters, TCS said.
TCS has also recommended a final dividend of Rs18-per equity share.
The Shares of TCS closed at Rs2,013.05 per share down by 0.32pc during Friday’s trade session before the announcement of earnings statement.