TCS Q4 profit surges 9% to ₹12,434 cr; announces ₹28 per share dividend
The company's revenue came in at ₹61,327 cr, a marginal 3.5% growth YoY, backed by the highest-ever order book and a 26% operating margin
The company's revenue came in at ₹61,327 cr, a marginal 3.5% growth YoY, backed by the highest-ever order book and a 26% operating margin
Most analysts have kept ratings unchanged on TCS post Q4 results; the IT heavyweight has an average target of ₹3,694, an upside of 16% from the current market price.
The IT giant announced a final dividend of ₹24 per share.
Axis Securities expects TCS to report revenue growth of 2.5% QoQ, while its operating margins are likely to expand by 97 bps in Q4FY23.
TCS Q4 results: The IT major hit a record by hiring 35,209 employees in the March quarter and 103,546 in FY22, the highest ever net addition in any quarter and year.