TCS net profit rises 7.4% to Rs 9,926 cr in Q4

Share Us

952
TCS net profit rises 7.4% to Rs 9,926 cr in Q4
12 Apr 2022
5 min read

News Synopsis

On Monday, the biggest IT firm in India, Tata Consultancy Services (TCS) releases its quarter-four results. It clocked a net profit of Rs. 9,926 crores, marking a year-on-year growth of 7.4%. In a statement, the Chief Executive Officer of TCS, Rajesh Gopinathan informed that TCS’ consolidated revenue during the fourth quarter of 2021-22 increased by 15.8 percent year-on-year to reach Rs 50,591 crore. He said: "We are closing FY22 on a strong note, with mid-teen growth and adding the maximum incremental revenue ever. Increasing participation in our customers' growth and transformation journeys, and an all-time high order book provide a strong and sustainable foundation for continued growth ahead.”

The company’s growth was majorly driven by  Retail and CPG, followed by the Manufacturing vertical and Communications & Media. Technology & Services, Life Sciences, and Healthcare and BFSI also performed well. With the latest declaration of its Q4 results, it became the first among the Nifty 50 companies to announce its quarterly results. Samir Seksaria, Chief Financial Officer of TCS said: "While continuing to make all the investments needed to support our growth aspirations, we managed the headwinds this year to deliver an industry-leading operating margin yet again. The successful completion of our fourth buyback in five years is another milestone in our shareholder-friendly approach to capital allocation.”

TWN In-Focus