TCS Announces Strong Q4 Results
Net Profit Rises 9%
Revenue Up 35%
Tata Consultancy Services (TCS), India's largest software services exporter, reported strong financial results for the fourth quarter of the 2021-22 fiscal year.
The company announced a consolidated net profit of Rs 12,434 crore, a 9% increase over the same quarter last year. Revenue jumped 35% to Rs 61,237 crore.
TCS also declared a final dividend of Rs 28 per share.
These results reflect the continued strong demand for TCS's services in areas such as cloud computing, data analytics, and automation.
The company's strong performance has been recognized by analysts, who have upgraded their target prices for TCS shares.
TCS shares were trading almost flat at Rs 3,983.30 apiece on the BSE today.
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