TCS net income rises 14.8% to Rs 11,392 cr in Q4

Software major Tata Consultancy Services on Wednesday reported a 14.8 per cent rise in net income to Rs 11,392 crore for the fourth quarter of last fiscal against Rs 9,959 crore in the year-ago period.

The country’s largest technology services company by market value said its revenue rose 16.9 per cent to Rs 59,162 crore during the reporting season from Rs 50,591 crore a year ago.

The company said its operating margins stood at 24.5 per cent in the fourth quarter against 24.1 per cent a year ago.

K Krithivasan, the CEO and MD-designate from mid-March, will formally take over from the incumbent Rajesh Gopinathan from June 1, the company said in a statement.