New Delhi: Tata Consultancy Services (TCS) missed the estimates of experts in the fourth quarter. TCS has reported a net profit of Rs 11,392 crore during the March 2023 quarter. It has registered an increase of 14.8 per cent. At the same time, the company’s income has increased by 16.9 per cent to Rs 59,162 crore during this period. The company has also declared a final dividend of 24 per equity share for the financial year.
At the same time, TCS’s revenue during the entire financial year has been Rs 2.25 lakh crore. This revenue was Rs 1.91 lakh crore a year ago. In this way, there has been an increase of about 17.6 per cent in the revenue during the whole year. At the same time, the net profit during the last financial year has been Rs 42,303 crore, which was Rs 38,449 crore a year ago.
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TCS added 22,600 employees on a net basis during FY23, while the company added 1.3 lakh employees during FY22. This means that TCS has added around 78 per cent fewer employees.
TCS has told in its statement that K. Krithivasan will take over as the Chief Executive Officer (CEO) and Managing Director (MD) of TCS from June 1, 2023.
As far as TCS’ revenue growth is concerned, this growth has been driven by UK (17 per cent Q-o-Q), retail and consumer packaged goods (CPG) (13 per cent Q-o-Q) and healthcare (12 per cent Q-o-Q) .
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