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TCS beats Street estimates, profit up 12.4% in Q4
Financial Express Mumbai
|April 13, 2024
WITH INCREASED DEAL wins across industries and geographies, Tata Consultancy Services (TCS) on Friday posted a 12.4% sequential rise in its consolidated net profit at ₹12,434 crore during the January-March quarter, beating Street estimates.
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Revenue from operations during the period rose 1.1% to 61,237 crore, which was a tad below expectations. Ebitda at ₹17,164 crore was above estimates, while operating margins expanded to 26% from 23.4% posted in the preceding quarter.
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