Tata Consultancy Services has reported a 6.3% sequential growth in Q4 FY21 consolidated profit at Rs 9,246 crore, driven by better-than-expected growth in revenue and operating income. While its revenue numbers came in line with estimates, it reported the highest ever order book value and hiring during the quarter. Moneycontrol’s Chandra R Srikanth with the highlights.
Tata Consultancy Services has reported a 6.3% sequential growth in Q4 FY21 consolidated profit at Rs 9,246 crore, driven by better-than-expected growth in revenue and operating income. While its revenue numbers came in line with estimates, it reported the highest ever order book value and hiring during the quarter. Moneycontrol’s Chandra R Srikanth with the highlights.
V Ramakrishnan, Chief Financial Officer at TCS, said the company’s performance in the fourth quarter “caps three-quarters of consistently robust performance in a pandemic year, and gives us a strong exit from FY21”.
“Our Q4 margins are a validation of our strong belief that it is possible to win mega-deals, post industry-leading growth, continue to invest in our people and in newer capabilities, and still deliver industry-leading profitability,” he added.
Ramakrishnan further said that all the investments made by the company over the years have positioned it strongly to expand its footprint in the large growth and transformation opportunity.
The fourth-quarter order book at USD 9.2 billion is the highest-ever TCV (total contract value) in a quarter. The FY21 order book was at USD 31.6 billion, up 17.1 per cent year-on-year, the filing said.
TCS announced its results after market hours. Its scrip closed at Rs 3,241.45 apiece, down 2.43 per cent from its previous close on the BSE. Its rivals Infosys and Wipro will announce their March quarter and FY21 numbers on April 14 and April 15, respectively.
In the fourth quarter, TCS added 19,388 employe
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