TCS exporter flagged ‘a lot of uncertainty’ in its banking, financial services and insurance segment over the near-term in the North American market as clients rushed to conserve cash
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TCS Q4 profit rises 14.9% to Rs 9,246 crore in fourth quarter
The country s largest software services firm Tata Consultancy Services (TCS) on Monday reported a 14.9 per cent rise in consolidated net profit to Rs 9,246 crore for the March 2021 quarter. This is against a net profit of Rs 8,049 crore in the year-ago period, TCS said in a regulatory filing. The revenue of the IT major grew 9.4 per cent in the quarter under review to Rs 43,705 crore from Rs 39,946 crore a year ago, it added. Our investments over the last decade in building newer capabilities, and in research and innovation, position us well for the multi-year technology services opportunity ahead. While we continue to dominate in our traditional areas of strength, we are making good progress in gaining share in the growth and transformation opportunity, TCS Chief Executive Officer and Managing Director Rajesh Gopinathan said.