TCS Q4 Results 2018: Net Profit Rises to Rs 6,904 Crore, Beats Expectations

India's largest IT company and technology giant Tata Consultancy Services (TCS) has announced its March quarter result for the financial year 2018. It has reported a 5.7 percent increase in its net profit- Rs 6904 crore. The company had achieved a net profit of Rs 6,531 crore in the December quarter of 2018.  Here are important details of the quarterly report:

1. This is the highest ever incremental growth recorded by the company in a Q4

2. Q4 Sales grew 3.9% on quarter in dollar terms

3. Attrition rates are coming down for TCS

4. Q4 sales grew 2% on quarter in constant currency terms

5. TCS added 3 customers in $50 million band

6. TCS added 63 million new customers in $1 million range

7. The IT giant added 7,800 net employees with the attrition of 11%

Compared to Q3FY18 profits, the IT giant has recorded a profit of 32,075  crore in Q4 from Rs 30,904 in Q3FY18. TCS has declared bonus issue after the bumper profits. The TCS board has approved 1:1 bonus issue. Final dividend of Rs 29 per share has been approved by the TCS board.  Here are the salient features of TCS Q4 results

- FY18 Q4 Revenue at Rs 32,075 Cr, up 3.8% Q-on-Q and 8.2% Y-on-Y

- Digital Revenue at 23.8%, up 42.8% Y-on-Y

- FY18 Annual revenue at Rs 1,23,104 Cr; up 4.4%

- Board of Directors recommend 1:1 bonus share issue

- Industry-defining transformational deals drive growth momentum

- Attrition continues to trend down; at 11%, lowest in the industry

- TCS Brand Value crosses $10Bn; fastest growing brand in the industry globally

Rajesh Gopinathan, CEO & MD of TCS has said that digital is no longer about experimentation and that it  has the ability to transform. Describing scope based large deal as their sweet spot, he termed Business 4.0 as the integral part.

(The above story first appeared on LatestLY on Apr 19, 2018 06:42 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).