TCS share price: Q4 results 2024 beat market estimates. Is this a ...
TCS results: Beating the market estimates, Tata Consultancy Services reported a consolidated net profit of ₹12434 crore in Q4FY24.
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TCS Q4 results: Here are key details of the March quarter earnings
The FY24 order book total contract value (TCV) at all time high $42.7 billion, while its recorded TCV at $13.2 billion for the quarter.
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TCS Results - 10 things to know with detail
TCS, or Tata Consultancy Services, is one of the largest IT services companies in the world, headquartered in Mumbai, India.
TCS regularly releases its financial results, which include information on revenue, profits, and other key performance metrics.
The most recent TCS results showed a revenue of $5.7 billion for the quarter ending June 30, 2021, an increase of 17.5% year-on-year.
TCS reported a net profit of $1.3 billion for the same quarter, an increase of 29.6% year-on-year.
The company's operating margin for the quarter was 25.5%, up from 24.2% in the previous quarter.
TCS also announced that it had added 20,409 employees in the quarter, bringing its total headcount to over 500,000.
The company saw strong growth in its key markets, including North America, Europe, and Asia Pacific.
TCS continued to invest in new technologies and digital capabilities, with a focus on cloud, analytics, and artificial intelligence.
The company's CEO, Rajesh Gopinathan, highlighted the resilience of TCS's business model and its ability to adapt to changing market conditions.
Overall, the TCS results were seen as a positive sign for the company's future growth prospects and its ability to navigate the challenges of the global economy.