TCS Q4 Result 2018 highlights: Tata Consultancy Services gives Rs 29 per share dividend
TCS Q4 Result 2018: The country`s biggest software services exporter Tata Consultancy Services Ltd IT released its January-March quarterly numbers today. The IT trend-setter company reported Rs 6,904 crore profit, beating estimates, for the three months to March 2018.
TCS Q4 Result 2018: The country`s biggest software services exporter Tata Consultancy Services Ltd IT released its January-March quarterly numbers today. The IT trend-setter company reported Rs 6,904 crore profit, beating estimates, for the three months to March 2018. In his opening address, TCS CEO Rajesh Gopinathan said", "in an industry where perception was that large deals are hard to come, we have won the largest possible deals." He said digital continues to be a growth driver; happy with positive response seen from our strategy. Energy utilities growing 33%, travel at 25% YoY; midsize segments continue to drive growth, he added.
Further, TCS CEO Rajesh Gopinathan said that "six of our industry verticals grew above co average in FY18; 4 in double-digits," adding "optimism comes from the fact that we are in the right trajectory." "UK has been leading with a strong growth of over 10% Y-o-Y", Rajesh Gopinathan said, adding "Strong sustained momentum in continental Europe, 19.1." "We have added clients across bands, added 3 clients in 50 mn band," said Gopinathan, while adding that "Energy and Utilities grow close to 33% , TTh more than 25% and Digital revenue crossed 23% of total revenue."
The highlights of TCS Q4 Result 2018 are:
1.Q4 FY18 Net Profit at Rs.6,904 crore; up 5.7% Q-o-Q
2.FY18 Revenue at Rs.123,104 crore; up 4.4% Y-o-Y
3.Dividend per share Rs.29 per share
4.Board of Directors recommend 1:1 bonus share issue
5. Q4 FY18 Revenue at Rs 32,075 crore; up 8.2% Y-o-Y and 3.8% Q-o-Q
6."This is our highest increemental dollar #TCSQ4 in our history" - Rajesh Gopinathan, CEO & MD, TCS
7.We added 7,800 net employees with the attrition of 11%" -Rajesh Gopinathan
8."We've added 3 customers in $50mn band" - Rajesh Gopinathan
9."Underlying TCS' transformation is its early investment in digital" - Rajesh Gopinathan
10."Overall we are very happy with where we find ourselves on this trajectory" - Rajesh Gopinathan
11."Incrementally we are now more confident of BFS North America" - Rajesh Gopinathan
12."We are seeing strong demands in digital, in securities, blockchain, analytics" - N. Ganapathy Subramaniam, COO and Excecutive Director, TCS
13."We will continue to be focused on margins" - V. Ramakrishnan, CFO, TCS
14."Wage hike has been between 2-6% " - Ajoyendra Mukherjee, EVP and Global Head, HR, TCS
15."Variable payout is at 120% " - Ajoyendra Mukherjee, EVP and Global Head, HR, TCS
Watch CEO Rajesh Gopinathan's opening address on the #TCSQ4 FY18 financial results.
— TCS (@TCS_News) April 19, 2018
In its December quarter, TCS had posted 3.94 per cent dips in consolidated net profit at Rs 6,545 crore from Rs 6,814 crore in the corresponding period of the previous year. The Q3FY18 net profit, however, witnessed a sequential growth of 1.31 per cent as against net profit of Rs 6,460 crore in the preceding quarter.
Watch this Zee Business video on TCS result
Meanwhile, the share price of TCS extended gains and rallied nearly 2 per cent ahead of the Q4 results. At 12:24 am, the stock was trading at Rs 3207, up 1.5 per cent on the BSE. The country`s biggest software services exporter Tata Consultancy Services Ltd rose 1 percent ahead of quarterly results.