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Tata Consultancy Services, the country’s largest software firm, has posted a 17.7 per cent rise in consolidated net profit at ₹8,126 crore during the conventionally soft fourth quarter. The company witnessed a broad-based growth in most of the verticals for the quarter ended March 31.
TCS had posted a net profit of ₹6,904 crore during the comparable quarter in the previous year.
For the reporting period, revenues rose by 18.5 per cent to ₹ 38,010 crore, compared with ₹32,075 crore in the corresponding quarter of the previous fiscal.
“This is the strongest revenue growth that we have had in the last 15 quarters. Our order book is bigger than in the prior three quarters and the deal pipeline is also robust. Despite macro uncertainties ahead, our strong exit positions us well for the new fiscal,” TCS Chief Executive Officer and Managing Director Rajesh Gopinathan said in a press conference. Industry-wise, BFSI grew at 11.6 per cent, Life Sciences & Healthcare at 18.2 per cent, Energy & Utilities at 11.3 per cent, Communications & Media at 10 per cent, Retail & CPG at 9.9 per cent and Manufacturing at 9.2 per cent per cent. All major markets posted a strong growth momentum, with UK leading with a 21.3 per cent growth.
Fiscal 2019
For the 12-month period ended March 31, TCS posted a consolidated net profit of ₹31,472 crore, up 21.9 per cent compared with ₹25,826 crore in the same year-ago period on revenues of ₹1,46,463 crore (vs ₹1,23,104 crore).
“It is a very satisfying finish to a year marked by steady growth acceleration and order book expansion every quarter. The expanding scale and scope of our cognitive business operations engagements have been central to our growth,” N Ganapathy Subramaniam, Chief Operating Officer, said.
Total employee strength stood at 4,24,285 on a consolidated basis as of FY19, following a net addition of 29,287 employees during the year. Its proportion of women in the workforce rose to 35.9 per cent in Q4, and the total number of nationalities stood at 147.
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