The country’s largest IT company Tata Consultancy Services (TCS) has released its fourth quarter (Q4) results on Thursday. The company’s net profit increased by 12% on annual basis to Rs 13,718 crore. In the same quarter last year, this profit was Rs 12,247 crore. There has been an increase of 10% in the revenue, along with the profit crossing Rs 70 thousand crores, there has also been an increase in the revenue of the company. The company’s operational revenue increased by 10% to Rs 70,698 crore in this quarter. Behind this strong growth of the company were three mega deals worth $12 billion (about Rs 1 lakh crore). TCS will give a dividend of Rs 31 per share. The company has announced to give a dividend of Rs 31 per share to its shareholders. Companies also give some part of their profits to the shareholders, this is called dividend. CEO said- TCS CEO and MD showed strong performance in every sector. Expressing happiness over the results, Kritivasan said that this is the third consecutive quarter when the company has registered growth. He said that our ‘five pillar strategy’ and focus on AI is working. It is a matter of relief that this growth is not limited to any one sector, but has been seen in big markets and almost all industries of the world. TCS shares fell 20% in 1 year. Today, on April 9, TCS shares rose by 1.20% i.e. Rs 30.80 and closed at Rs 2,590. The company’s shares have risen 2.48% in the last one month. It has fallen by about 20% in a year. The market value of the company is Rs 11.71 lakh crore. TCS was established in 1968. Tata Consultancy Services (TCS) is an Indian multinational information technology (IT) company. It is a subsidiary company of Tata Group. TCS was founded in 1968 as ‘Tata Computer Systems’. TCS became a public listed company on 25 August 2004. In 2005, it became the first company in India to enter the informatics market. In April 2018, it became the first IT company in the country with a market capitalization of $ 100 billion. It operates at 149 locations in 46 countries.
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TCS profit of ₹ 13,718 crore in the fourth quarter: Profit increased by 12% on annual basis, total income increased by 9% to ₹ 71,455 crore.
