TCS Q4, FY23 results lower than analyst estimates
TCS's March quarter profit has increased annually by 14.8% to Rs 11,436 crore. The company also announced dividend of Rs 24 per share for shareholders.
Tata Consultancy Services (TCS), outgoing MD and CEO, Rajesh Gopinathan's, notice period ends on September 15, 2023. (Photo credit:PTI)
Fourth quarter, financial year 2022-23, results of India’s largest information technology services company, Tata Consultancy Services (TCS), were slightly lower than analyst expectations. Consolidated Revenue rose marginally on quarter on quarter (QoQ) basis by 1.6%. It came at Rs 59,162 crore. But on year on year (YoY) basis, revenue increased by more than 16%.
March quarter profit increased annually by 14.8% to Rs 11,436 crore. For full fiscal 2023, its revenue was reported at Rs 2.25 lakh crore. While, net profit in FY23 came in at Rs 42,303 crore. The company also announced dividend of Rs 24 per share for shareholders.
Published: April 13, 2023, 13:18 IST