IT major TCS reported its Q4 earnings on Wednesday with its net profit coming inat Rs 11,390 crore against Rs 10,846 crore in the quarter ended December 2022, a 5% jump sequentially. The net profit however missed analyst and street expectations. A poll ran by CNBC-TV18 estimated the net profit of Rs 11,562 crore.
The company’s constan currency revenue growth also missed estimates, coming in at 0.6% against a poll of 1% by CNBC-TV18. The tech player’s consolidated revenue for the quarter ended March 2023 stood at Rs 59,162 crore, again missing the estimated Rs 59,334 crore by the street.
