TCS Q4 results, dividend: Profit jumps 15% to Rs 11,392 crore; Rs 24 dividend announced

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The company’s net profit for the March quarter rose by 14.8% to Rs 11,436 crore ($1.39 billion) compared to Rs 9,959 crore for the same period last year. The company also reported a 16.9% increase in revenue, rising to Rs 59,162 crore in Q4 from Rs 50,591 crore a year ago.

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These results have set the pace for the IT industry, which is facing a potential recession in its primary markets, namely the US and Europe, as well as unrest in the US banking sector. TCS has demonstrated resilience in this difficult environment, thanks to its focus on digital services.

In addition to its financial results, TCS has also announced a CEO transition. K Krithivasan has been appointed as the CEO-designate to succeed Rajesh Gopinathan, who resigned in March. Krithivasan will take over as CEO and MD from June 1, 2023, according to the company’s statement

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