On Monday, April 11, the IT giant, Tata Consultancy Services (TCS) reported a standalone net profit of ₹9,926 crore for the quarter ending on 31 March 2022.
The net profit has surged 7% YoY as compared to ₹9,246 crore in the same quarter last year. The revenue from operations rose 16% to ₹50,591 crore, it was ₹43,705 crore in Q4FY21. The company has crossed the ₹50,000 crore mark in revenue for the first time.
India’s largest IT services company also recorded its highest-ever order book TVC in Q4 at $11.3 billion. The company’s attrition rate surged to 17.4% which was 15.3% in Q3. The board has approved a dividend of ₹22 per share.
“We are closing FY22 on a strong note, with mid-teen growth and adding the maximum incremental revenue ever. Increasing participation in our customers’ growth and transformation journeys, and an all-time high order book provide a strong and sustainable foundation for continued growth ahead,” said TCS MD Rajesh Gopinathan, as per Livemint.
Today, TCS shares closed by a rise of 0.36% at ₹3,699/piece on the NSE.
