TCS Q4 results Highlights: Net profit beats estimates, revenue up 3.5%; CEO says quarter of strong deals and execution

TCS Q4 Results Highlights: During the post-earnings presser, Krithivasan said, ‘This is a quarter of strong deals and execution for us. Continuous focus on operational excellence helped us achieve 26% operating margin’

IT services major Tata Consultancy Services kicked off the earnings season for tech companies with its Q4 FY24 financial results on April 12.

TCS Q4 Results : The IT major announced a consolidated net profit of ₹12,434 crore for the fourth quarter, marking a 9% increase from ₹11,392 crore recorded a year earlier. Revenue from operations experienced a slight year-on-year (YoY) uptick, rising by 3.5% to reach ₹61,237 crore. The company announced an interim dividend of ₹28 per equity share.

IT major on AI and total contract value

TCS Q4 Results Live: “Our Generative Artificial Intelligence (AI) pipeline has surged to $900 million, marking a doubling in value. The Total Contract Value (TCV) of the deal comprises primarily of standard-sized deals, with the exception of a significant win secured in Q3,” the company said.