TCS Q4FY22 Results: Net income up 7% YoY to Rs 9926 cr, revenue up 16%; announces Rs 22 a share final dividend
The consolidated revenue during the quarter stood at Rs 50,591 crore, up almost 16 per cent, as per the companys press release.
The information and technology major Tata Consultancy Services (TCS) on Monday reported in-line results on all fronts in the fourth quarter of the financial year 2021-22 (Q4FY22). The company’s operating margin came at 25 per cent same as that of a year ago.
The consolidated net income of IT heavyweight stood at Rs 9,926 crore, up over 7 per cent year-on-year in Q4FY22, while the consolidated revenue during the quarter stood at Rs 50,591 crore, up almost 16 per cent, as per the company’s press release.
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In constant currency terms, the company registered over 14.3 per cent growth, according to the release.
Along with Q4 earnings, TCS has also announced a Final Dividend proposed at Rs 22 per share.
The company reported the highest ever order book TCV (total contract value) at $11.3 billion in the March-end quarter of FY22, while $34.6 billion in FY22.
“We are closing FY22 on a strong note, with mid-teen growth and adding the maximum incremental revenue ever,” TCS Chief Executive Officer and Managing Director Rajesh Gopinathan said.
He added, “Increasing participation in customers’ growth and transformation journeys, and an all-time high order book provide a strong and sustainable foundation for continued growth ahead.”
Industries-wise, the growth was led by Retail and CPG (22.1%), Manufacturing vertical (+19%) and Communications & Media (+18.7%). Technology & Services grew (+18%) and Life Sciences and Healthcare grew (+16.4%) while BFSI grew (+12.9%).
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