INSUBCONTINENT EXCLUSIVE:
TCS board approved a 1:1 bonus issue of equity shares, subject to approval of shareholders.
TCS, India's biggest outsourcer, on Thursday announced
operations of Rs 32,075 crore
TCS board approved a 1:1 bonus issue of equity shares, subject to the approval of the shareholders
A 1:1 bonus means that a shareholder will get one share for each share held by him/her
The board of directors also has declared a final dividend of Rs 29 per equity share
Analysts on average had expected the Mumbai-based company to report a profit of Rs 6,798 crore, according to Reuters.In dollar terms, TCS
reported revenue of $4,972 million, up 3.9 per cent quarter-on-quarter and up 11.7 per cent year-on-year
quarter, TCS had reported net profit of Rs 6,531 crore on net income from operations of Rs 30,904 crore.(: Sensex Ends 95 Points Higher; TCS
Gains)Commenting on the Q4 performance, CEO Gopinathan said: "Strong demand in digital across all industry verticals and large
transformational deal wins have made this one of our best fourth quarters In recent years
The strong exit allows us to start the new fiscal on a confident note.Mr Gopinathan added: "As customers move forward in their Business 4.0
journeys, TCS Is helping them leverage digital technologies to drive their growth and transformation agendas
The multiple mega-deals that we won this year are evidence that TCS is their preferred partner in such strategically important initiatives
"Last week, Infosys, India's second biggest outsourcer, had reported its Q4 earnings
Infosys reported a net profit of Rs
3,690 crore in Q4 while revenue from operations rose to Rs 18,083 crore.TCS announced earnings after market hours today
