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TCS net rises 14.9% to ₹9,246 cr in Q4 April 12, 2021 Rajesh Gopinathan, CEO of TCS Dhiraj Singh× Adds 19,388 employees, the highest-ever in a quarter Riding on an acceleration in digital technologies and improving demand, Tata Consultancy Services (TCS) posted a 14.9 per cent rise in consolidated net profit at ₹9,246 crore for the fourth quarter ended March 31. In comparison, the IT major had posted a net profit of ₹8,049 crore in the same period last year, TCS said in a regulatory fil...

Express News Service BENGALURU: India’s largest IT services company, Tata Consultancy Services (TCS) hired 40,185 employees for FY20-21(FY21) amidst job uncertainties and lay-offs globally. The software services exporter said that the attrition rate for FY21 remained at an all time low at 7.2% and the total headcount jumped to 488,649.  TCS saw the highest ever addition of employees (19,388) in a quarter during Q4, FY21 as company Chief Human Resources Officer, Milind Lakkad, said that all ...

Shares of Tata Consultancy Services (TCS) traded 1.5 per cent lower at Rs 3,273 on the BSE on Monday, outperforming the market, ahead of its January-March 2021 (Q4FY21) results today. In comparison, the S&P BSE Sensex was down 3.55 per cent or 1,758 points at 47,833, at 1:25 PM. The stock hit an intra-day high of Rs 3,344 and a low of Rs 3,241 on the BSE. In the past one month, shares of the information technology (IT) giant rose 7 per cent, as compared to 5.7 per cent slide in the benchmark in...

Analysts are recommending the bull call spread to reduce the cost of the premium, as they do not want to take a directional trade given that the stock has already run up significantly. The outlook is bullish.

Read more about Top headlines: TCS Q4 net rises 15%; factory output contracts 3.6% in Feb on Business Standard. Business Standard brings you top news of the evening

TCS reported a 6.3% sequential rise in net profit at Rs 9,246 crore on higher revenue growth and operating income.

Tata Consultancy Services (TCS), India’s largest IT services player, reported a strong set of numbers for its fourth quarter of FY21, as clients continued to spend on digital services and focused on reimagining their business operations. The biggest takeaway from the Q4 numbers was the order book at $9.2 billion, the highest ever reported by TCS in a quarter since the company started reporting this metric. TCS’ net profit for the quarter was up 14.9 per cent at Rs 9,246 crore year-on-year...

India Business News: Tata Consultancy Services Ltd reported a 14.9% rise in March-quarter profit on Monday, as India's top IT services firm benefited from an uptick in clo

Attrition Lowest ever The net income for the quarter grew 15.6% to $1.26 billion with a wider margin of 26.8%. The company declared a dividend of ₹15 a share. However, some reports suggest that the bottom line has been below expectations. TCS share price is already near its all-time high. Market participants expected a good quarter as the pandemic had forced companies to digitise their operations and process at a scale never seen before. The entire Nifty IT index, which includes peer stocks ...

Updated Apr 12, 2021 | 20:25 IST “We continue to dominate in our traditional areas of strength, we are making good progress in gaining share in the growth and transformation opportunity.”: Rajesh Gopinathan, CEO and MD. Representational Image&nbsp Key Highlights Results Inline: Revenue growth in CC terms at 4.2% QoQ and 5.9% yoy, EBIT margin expanded to 26.8% Q4 Order Book: $9.2 Bn; Highest Ever Total contract value in a quarter IT Services Attrition (LTM) at All-ti...