Bengaluru: Tata Consultancy Services Limited On Wednesday, it reported a higher-than-expected increase in fourth-quarter profit as the leading IT exporter in India experienced strong demand for digital services despite challenging macroeconomic conditions.
The company’s net profit rose 14.8% to Rs 11,436 crore ($1.39 billion) in the March quarter from Rs 9,959 crore a year ago.
The company said its revenue rose 16.9% to Rs 59,162 crore in the fourth quarter from Rs 50,591 crore a year ago.
With today’s results, TCS This has set the pace for the IT industry, which is facing turbulence in the US banking sector along with a possible slowdown in its primary markets, namely the US and Europe.
Infosys’ fourth quarter results are expected to be released on Friday.
Besides this, TCS is undergoing a CEO change, having appointed K Krithivasan as CEO in March succeeding Rajesh Gopinathan who resigned.
(with inputs from agencies)
The company’s net profit rose 14.8% to Rs 11,436 crore ($1.39 billion) in the March quarter from Rs 9,959 crore a year ago.
The company said its revenue rose 16.9% to Rs 59,162 crore in the fourth quarter from Rs 50,591 crore a year ago.
With today’s results, TCS This has set the pace for the IT industry, which is facing turbulence in the US banking sector along with a possible slowdown in its primary markets, namely the US and Europe.
Infosys’ fourth quarter results are expected to be released on Friday.
Besides this, TCS is undergoing a CEO change, having appointed K Krithivasan as CEO in March succeeding Rajesh Gopinathan who resigned.
(with inputs from agencies)