Title: TCS Q4 Results: Profit Dips 2% to Rs 12,224 Crore Amid Global Tariff Concerns; Future Outlook Clouded
Content:
TCS Q4 Earnings: A Closer Look at the Numbers
Tata Consultancy Services (TCS), one of India's leading IT services companies, reported a 2% year-over-year (YoY) decline in net profit for the fourth quarter of the fiscal year ending March 2023. The company's net profit stood at Rs 12,224 crore, down from Rs 12,460 crore in the same quarter the previous year. This downturn comes amidst growing concerns over global tariffs and their potential impact on the IT sector.
Key Financial Highlights
Net Profit: Rs 12,224 crore, a 2% decrease YoY
Revenue: Rs 59,162 crore, up 1.7% YoY
Operating Margin: 24.5%, down from 25.3% last year
Earnings Per Share (EPS): Rs 33.33, compared to Rs 3