TCS Q4 Result 2018: Tata Consultancy Services, country's largest IT firm, on Thursday reported 5.7 per cent jump in net profit at Rs 6904 crore in the March quarter of financial year 2018, above street expectations. The Mumbai-headquartered company had posted a net profit of Rs 6,531 crore in the December quarter of the FY18. Analysts on average had expected the TCS to report a profit of Rs 67.98 billion, according to Thomson Reuters data. "Strong demand in digital across all industry verticals and large transformational deal wins have made this one of our best fourth quarters in recent years. The strong exit allows us to start the new fiscal on a confident note," said Rajesh Gopinathan, CEO and MD, Tata Consultancy Services.

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"As customers move forward in their Business 4.0 journeys, TCS is helping them leverage digital technologies to drive their growth and transformation agendas. The multiple mega-deals that we won this year are evidence that TCS is their preferred partner in such strategically important initiatives," he added. TCS share price settled at Rs 3190.65, up 1 per cent on the BSE. At today's closing price, the company remained the most valuable firm in terms of market capitalisation. MOSL has a neutral rating on the stock. The stock trades at 19.8x FY19E and 18x FY20E earnings, it said.

Here are key takeaways from TCS Q4 Result 2018 numbers:

The IT major's revenues rose 3.8 per cent to Rs 32,075 crore from Rs 30,904 crore reported in Q3FY18 in CC terms.

TCS Digital revenues

TCS said greater adoption of digital technologies by customers resulted in several large, multipractice integrated deal wins. Digital engagements contributed 23.8 per cent of revenue in Q4, a growth of 42.8 per cent YoY.

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TCS Bonus issue

Tata Consultancy Services Board of Directors recommended bonus issue of equity shares in the ratio of 1 (one) Equity Share of Rs 1 each for every 1 (one) equity share of Rs 1 each held by the shareholders of the Company as on the record date, subject to the approval of the shareholders, TCS informed in a filing to BSE. 

TCS Dividend

Tata Consultancy Services Board of Directors recommended a final dividend of 29 per equity share of Rs 1 each of the Company which shall be paid/dispatched on the fifth day from the conclusion of the Annual General Meeting subject to approval of the shareholders of the Company, TCS informed in a filing to BSE. 

TCS Attrition

Employee retention improved. The IT Services attrition rate (LTM) fell by 0.1 per cent in 04 to 11 per cent, while the total attrition rate (including BPS) fell to 11.8 per cent. The percentage of women rose further to 35.3 per cent in Q4. The total number of nationalities represented in the workforce stood at 131. Attrition at 11% is the lowest in the industry, TCS said.

TCS Industry highlights

Industries: All industry verticals - with the exception of BFSI- grew above company average, with three verticals growing in double digits Y-o-V. Growth was led by the Energy & Utilities vertical (up 33.7 per cent), Travel & Hospitality (up 25.4 per cent) and Life Sciences & Healthcare (up 12.6 per cent). 

TCS Q4 results 2018: Live conference

TCS Geographical highlights

On a year-on-year basis, Continental Europe (up 19.1 per cent), UK (up 10.7 per cent) and Asia Pacific (up 8.6 per cent) led the growth. North America grew 4.9 per cent YoY.