TCS Q4 profit rises 15% to Rs 11,392 cr

Software major Tata Consultancy Services (TCS) on Wednesday opened the earnings season for the March quarter with a 14.8% growth in net income to Rs 11,392 crore against Rs 9,926 crore in the year-ago period.

The largest software company by revenue and market value said its revenue rose 16.9% to Rs 59,162 crore in the March 2023 quarter from Rs 50,591 crore a year ago.

For the full year, the Tata Group flagship reported a 17.6% year-on-year rise in revenue to Rs 2,25,458 crore and earned a net income of Rs 42,147 crore, which was 10% more than it booked in the 12 trailing months.