TCS Q4 profit rises 64.4% to Rs6,341 crore, beats estimates

Mumbai: Tata Consultancy Services Ltd (TCS) reported a 64.4% increase in quarterly profit, beating estimates, on improving margins and strong revenue growth.

The country’s largest IT services firm reported net profit of Rs.6,341 crore for its fiscal fourth quarter to March end, as compared with Rs.3,858 crore a year earlier.

Analysts were expecting the company to report Rs.6,280 crore in profit for the three-month period, according to Thomson Reuters data.

TCS results come three days after the company was ordered to pay $940 million to Epic Systems in a trade secret lawsuit in the US