TCS Q4 Results Highlights: Net profit beats estimates, revenue up 3.5%

TCS Q4 Results LIVE: Samir Seksaria, chief financial officer, said, “In FY 2024, our disciplined approach to operations have helped us expand our industry-leading margins. In a challenging environment, we persisted with our long-term investments in workforce reskilling, research and innovation. We will continue to drive efficiencies and competitiveness to capture opportunities for growth with profitability.”

TCS Q4 Results LIVE: As of March 31, 2024, the company has applied for 8,040 patents, including 188 applied during the quarter. The company has been granted 3,919 patents including 461 granted during the quarter.

TCS Q4 Results LIVE: TCS’ workforce stood at 601,546 as of March 31. The employee base has 35.6% women and with 152 nationalities. Year to date, TCS employees clocked 51 million learning hours and acquired 5 million competencies.

TCS Q4 Results LIVE: Net profit beats estimates, revenue up 3.5%

TCS Q4 Results LIVE: TCS Chief HR Officer Milind Lakkad said that top performers will receive double-digit annual increments for financial year 2023-24.

TCS Q4 Results LIVE: TCS said that its headcount declined by 1,759 quarter-on-quarter in the fourth quarter. The headcount has declined by13,249 employees during the financial year 2023-24.

TCS Q4 Results LIVE: TCS' headcount declined for the first time in 19 years, since the company was listed in 2004.

TCS Q4 Results LIVE: TCS announces increments, top performers get hikes

TCS Q4 Results LIVE: K Krithivasan, Chief Executive Officer and Managing Director, said, “In an environment of global macro uncertainty, we are staying close to our customers and helping them execute on their core priorities with TCS’ portfolio of offerings, innovation capabilities and thought leadership.”

TCS Q4 Results LIVE: Milind Lakkad, Chief HR Officer, said, “We are pleased to announce the annual increments for our workforce, as we have done consistently every year, with top performers receiving double digit hikes."

TCS Q4 Results LIVE: TCS said on clients, “In a challenging macro environment, clients are prioritizing initiatives that reduce cost, increase business agility, improve security posture and resilience.”

TCS Q4 Results LIVE:  TCS FY24 order book TCS (total contract value) at all time high $42.7 billion; record Q4 TCV at $13.2 billion

TCS Q4 Results LIVE: K Krithivasan, Chief Executive Officer and Managing Director, said, “We are very pleased to close Q4 and FY24 on a strong note with the highest ever order book and a 26% operating margin, validating the robustness of our business model and execution excellence. In an environment of global macro uncertainty, we are staying close to our customers and helping them execute on their core priorities with TCS’ portfolio of offerings, innovation capabilities and thought leadership.”

TCS Q4 Results LIVE: Operating Cash Flow 100.4% of Net Income

TCS Q4 Results LIVE: Operating Margin at 26.0%; YoY expansion of 150 bps

TCS Q4 Results LIVE: Growth led by India (+37.9%), UK (+6.2%), and Manufacturing (+9.7%), company says. 

TCS Q4 Results LIVE: Revenue at ₹61,237 cr, +3.5% YoY (CC: 2.2%) 

TCS Q4 Results LIVE: TCS declare final dividend of ₹28 per equity share of Re 1 each of the Company which shall be paid/dispatched on the fourth day from the conclusion of the 29th Annual General Meeting, it said. 

TCS Q4 Results LIVE: TCS PAT at ₹12,502 crore, beats estimates

TCS Q4 Results LIVE: TCS stock ends higher ahead of Q4 results

TCS Q4 Results LIVE: Kotak Institutional Equities said, “Our estimates include $150 million ($60 million or 0.9% incremental contribution QoQ) from the BSNL deal. Revenue growth would be driven by ramp-up of large deals, including JLR won in the recent past.”

TCS Q4 Results LIVE: Nirmal Bang Institutional Equities said, “We expect TCS to report 1.0% revenue growth QoQ in CC terms, backed by strong order inflow of the last 12 months. The headwind will likely be continued compression in the existing book of business (albeit much less than in earlier quarters).”

TCS Q4 Results LIVE: BNP Paribas said ahead of TCS Q4 earnings, “We expect USD revenue growth of +1.3% q-q (+1.1% q-q in CC) on reversal of furloughs and incremental contribution from the BSNL and other deals. We model a 24 bps sequential increase in EBIT margin on account of operating efficiencies.”

TCS Q4 Results LIVE: Motilal Oswal Financial Services said in its note, “The growth is expected to be good at 2.2% QoQ CC, led by deal scale up, including the large BSNL deal. EBIT margin is expected to be stable, as operational improvements should be compensated by low margins in the India business.”

TCS Q4 Results LIVE: JM Financial said, “We expect c/c revenue growth of 1% with 30bps cross currency tailwinds translating into 1.3% QoQ USD revenue growth.”

JM Financial said that it expects ~20bps expansion in EBIT margin to 25.2% led better utilisation and lower sub-con expenses and offsetting lower margins from BSNL deal.