Yesterday, Indian IT exporter, TCS (Tata Consultancy Services) posted its Profit after Tax (PAT) for last quarter. Company announced Rs 2932 PAT which is 1.6% up from the last quarter. It has also posted 31% year-on-year (YoY) growth in Q4 FY12 full year revenues.
The major achievement of the company is that TCS became the first Indian IT company to cross the $10 billion milestone. Its full year revenues stood at Rs 48,894 crore ($10.17 billion).
The company generated a revenue of Rs 13,259 crore in the fourth quarter, versus Rs 13,204 crore in the previous quarter. This is a growth of 0.4% quarter-on-quarter (QoQ). The fourth quarter operating margins stood at 27.7% versus 29.2% on a quarterly basis.
“We feel pretty good about the overall performance as we have kept our focus on profitability and consolidated our market leadership,” CEO, N Chandrasekaran said on these Q4 numbers.
CFO of TCS, TV Mahalingam said: “We have had 71 basis points reduction in margins as a result of the currency fluctuation.”
Chandrasekaran also said about the hiring and bench strength, “We have a huge bench now, training has been completed and ready for deployment. We’ve made offers to 45,000 freshers.”
