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TCS Q4 net profit jumps 22% to Rs 3,597 crore

“TCS outlook for FY14 is better than FY13 with a good deal pipeline and strong performance expected across sectors,” said Gautam Sinha Roy, VP, Equities, Motilal Oswal Securities

The country's largest software exporter Tata Consultancy Services (TCS) on Wednesday reported a 22.1% jump in net profit at Rs3,596.9 crore for the March quarter, meeting expectations.

 

The company's net profit stood at Rs2,945.5 crore reported in the same period a year ago.

Revenue for the fourth quarter ended 31 March 2013 grew by 23.9% to Rs16,430.1 crore as against Rs13,259.3 crore in the year ago period, according to the IFRS reporting.

 

Announcing the robust numbers here this evening, TCS managing director and chief executive N Chandrasekaran said, “We have delivered a year of strong growth with all markets and industry segments growing in double digits.

 

“We remain confident that the new fiscal will bring greater opportunities as technology plays an increasing role in reimagining businesses globally,” he added.

 

The company as a policy does not offer guidance.

 

The company said its net profit margin stood at 21.9% while operating margin rose to 26.5% in the reporting quarter.

 

“TCS Q4 net profit came in line with expectations... TCS outlook for FY14 is better than FY13 with a good deal pipeline and strong performance expected across sectors,” said Gautam Sinha Roy, VP, Equities, Motilal Oswal Securities.

 

For the full fiscal, net profit increased by 30.9% to Rs13,941.4 crore compared to Rs10,651.7 crore in the previous fiscal.

 

The total revenue for the year jumped 28.8% at Rs62,989.5 crore from Rs48,893.8 crore last year.

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COMMENTS

rajeshpai

4 years ago

With this solid performance, TCS has shown that Infosys will soon be left behind.
While Infy is struggling, TCS and Cognizant are sailing smoothly.
Why are people still looking at Infy as India's IT sector bellwether and beacon baffles us.
Its heydays are gone.
Maybe when Infosys was founded,(It and Narayana Murthy) it just so happened that they were at the right place at the right time.
They have not been able to fathom the changed business/market dynamics and struggling with their Version 3.0.
High time analysts and other investors let go of Infosys and concentrate on TCS,Cognizant,HCL tech.
Infy has served its time.Ask the freshers who join it as to how they feel and they have blank expressions.More than 50% of freshers from even small sized engineering colleges are not joining Infosys after getting offer letters.
The writing is on the wall for Infosys.

Hail the new king TCS and its CEO Mr Chandrasekaran.

REPLY

pravsemilo

In Reply to rajeshpai 4 years ago

Ask the freshers who join it as to how they feel ---> This should apply for all service based outsourcing companies.

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