NEW DELHI: Indias top IT outsourcing firm TCS on Thursday reported better-than-expected earnings for January-March, with highest-ever incremental dollar growth for the fourth quarter.
The firms Rs 6,904 crore profit in the gone-by quarter was more than ETNow estimate of Rs 6,812.5 crore.
The stock settled 1 per cent up at Rs 3,190.65. The company announced the financial results post market hours.
Here are the top 6 takeaways from TCS's fourth quarter earnings:
The IT major posted 5.71 per cent quarter-on-quarter and 4.48 per cent year-on-year rise in consolidated net profit at Rs 6,904 crore for the quarter under review. It had reported a net profit of Rs 6,531 crore in sequential quarter ended December 31, 2017 and Rs 6,608 crore in the corresponding quarter last year.
Consolidated total income of TCS increased 4 per cent QoQ and 7.93 per cent YoY to Rs Rs 33,069 crore in Q4FY18. The company also said that 23.80 per cent of revenue in Q4FY18 came from digital, up 42.80 per cent on year-on-year basis. Consolidated revenue in terms of dollar came in at $4,972 million as against ETNow poll of $4,919 million.
Double bonanza for shareholders
The board of directors declared a final dividend of Rs 29 per share. The company also approved a bonus of equity shares in 1:1 ratio.
From the desk of CEO
On the Q4 performance, Rajesh Gopinathan, CEO and MD, said: "Strong demand in digital across all industry verticals and large transformational deal wins have made this one of our best fourth quarters in recent years. The strong exit allows us to start the new fiscal on a confident note.”
Total employee strength at the end of Q4 stood at 3,94,998 on a consolidated basis. The percentage of women in TCS rose further to 35.3 per cent during the quarter under review. The company net added 7,800 employees in Q4 with attrition of 11 per cent.
For the year ended March 2018, the company added three clients in $100 million plus category, 13 in $50 million category, 17 in $20 million category and 40 in $10 million category.