TCS Q4 result: TCS reported broadly in-line Q4 earnings as its revenue remained almost flat on a quarter-on-quarter basis and its profit rose about 4 per cent sequentially, in line with market expectations.
TCS is expected to lead Tier 1 IT pack on growth, led by cost take-outs, wallet share/vendor consolidation gains and strong spending on cloud and digital programs
IT major Tata Consultancy Services (TCS) has announced its results for the quarter ended March 2023. TCS net profit has gone up by 14.8 per cent at Rs 11,392 crore. aaa
In Q4FY23, TCS posted a consolidated net profit of ₹11,392 crore, up by 14.76% compared to a profit of ₹9,926 crore in Q4 of the previous fiscal. While consolidated revenue of ₹59,162 crore, rising by 16.94% from ₹50,591 crore in Q4 of the previous fiscal.
Analysts on Dalal Street have retained their bullish view on Tata Consultancy Services (TCS) after it posted a 7.35 per cent year-on-year (YoY) growth in consolidated net profit during the March quarter.