TCS Q4 result: TCS reported broadly in-line Q4 earnings as its revenue remained almost flat on a quarter-on-quarter basis and its profit rose about 4 per cent sequentially, in line with market expectations.
TCS shares price fell nearly 2% to Rs 3,184 on Thursday after the IT giant’s net profit in the fourth quarter missed market estimates. The company s Q4FY23 net profit came in at Rs 11,392 crore, up 5% from the previous quarter. Watch this Business Today Visual Story to check brokerage calls on TCS shares and whether to buy, hold or sell TCS stock.
Analysts on Dalal Street have retained their bullish view on Tata Consultancy Services (TCS) after it posted a 7.35 per cent year-on-year (YoY) growth in consolidated net profit during the March quarter.