Tata Consultancy Services’ net profit for the fourth quarter increased by 7.35%
Revenue for the fourth quarter increased by 16.8 percent to Rs 50,591 crore, up from Rs 43,705 crore in the previous year. While the operating margin was 25%, the net margin was 19.6%.
Tata Consultancy Services (TCS), India’s largest software company, reported a 7.35 percent increase in net profit for the fourth quarter ended March 2022, at Rs 9.926 crore, compared to Rs 9,246 crore in the same period last year.
Revenue for the quarter increased by 16.8 percent to Rs 50,591 crore, up from Rs 43,705 crore the previous year. While the operating margin was 25%, the net margin was 19.6%.
TCS has proposed a final dividend of Rs 22 per share.
According to TCS, North America led market growth (18.7 percent). The United Kingdom grew (13%), while Continental Europe grew (10.1 percent). Latin America grew by 20.6 percent, the Middle East and Africa grew by 7.3 percent, India grew by 7%, and the Asia Pacific grew by 7%. (5.5 percent).
“We are closing FY 22 on a strong note, with mid-teen growth and adding the most incremental revenue ever,” said Rajesh Gopinathan, MD and CEO of TCS. Increased participation in our customers’ growth and transformation journeys and an all-time high order book provide a solid also sustainable foundation for future growth.”
On Monday, CS shares rose 0.26 percent to Rs 3,696.40 on the BSE.
TCS added 35,209 employees on a net basis in Q4, the most ever in a quarter. Team member headcount stood at 592,195, a net addition of 103,546 during the year, a new high. The workforce remains very diverse, with 153 nationalities represented and women accounting for 35.6 percent of the workforce.
All verticals expanded in the mid to upper teens. Retail and CPG (22.1%), manufacturing vertical (19%), and communications & media (17%) led growth (18.7 percent). Technology and services grew (18%), as did life sciences and healthcare (16.4%), while BFSI grew (14%). (12.9 percent).
