TCS Q4 Results: Net Profit Rises, Headcount Declines
Tata Consultancy Services Reports Strong Financial Performance
Highlights of TCS Q4 Results
Mumbai, India - Tata Consultancy Services (TCS), the leading IT services provider in India, has announced its financial results for the fourth quarter (Q4) of fiscal year 2024 (FY24). The company reported a net profit of Rs 12,434 crores, a significant increase compared to the previous quarter.
TCS also announced a decline in headcount by 1,759 quarter-on-quarter in Q4. Despite this decrease, the company's dividend expectations remain strong, in line with its declaration of 24 per share at the end of the previous fiscal year.
Commenting on the results, K. Krithivasan, Chief Executive Officer and Managing Director of TCS, said, "We are very pleased to close Q4 and FY24 with strong results. Our performance reflects the resilience of our business model and our focus on delivering value to our customers. We remain confident in our ability to continue to drive growth and create value for all our stakeholders."
The company's shares rose ahead of the Q4 results announcement, reflecting investors' optimism about its potential for continued growth. TCS is India's largest IT services provider and the second-most valuable company on the Indian stock exchange.
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