TCS Q4 results 2018: This is reason why tech firm's profit soared
The company had reported a net profit of Rs 6,608 crore in the same period last fiscal, TCS said in a regulatory filing. Moreover, the company’s board recommended a 1:1 bonus share issue. The Tata Group company, which accounts for a lions share of the group’s overall profit, reported a revenue growth of 8.2% at Rs 32,075 crore for the said quarter, up from Rs 29,642 crore a year earlier.
Strong demand in digital and large contract wins helped growth in the quarter, chief executive Rajesh Gopinathan said in a statement. Image source: PTI