TCS Q4 Results Profit Falls By 2.1% to Rs 1,333 cr
India’s largest IT services provider, Tata Consultancy Services (TCS), registered a consolidated net profit (Indian GAAP) of Rs 1,333 crore for the fourth quarter ended March 31, 2008. While its net profit was up only 7 per cent up as compared to the same period last financial year (YoY), sequentially (QoQ), the growth declined by 2.1 per cent. The company’s revenue at Rs 7,172 crore was up 18.5 per cent YoY but declined 1.5 per cent QoQ. TCS added 36 new clients (41 in the trailing quarter) in the current quarter, and closed 7 large deals.
On employment, TCS said that it has made 24,885 campus offers for FY10 and that its net additions of 13418 staff in Q4 FY09 had upped its total employee strength to 143761. It added that the employee utilisation excluding trainees in January to March was at 79.7% and at 69.4% including trainees.
For the full year ending March 31, 2008, TCS posted a revenue of Rs 22,863 — a 21.6 per cent YoY increase. It net profit increased 4.6 per cent YoY to stand at Rs 5,256.40 crore. The company declared a total dividend of Rs 14 per share for FY09 including Rs 5 as final dividend. It closed 28 large deals during the year; added 163 new customers, made 24,885 campus offers for 2009-10; and has a total of 143,761 employees on its rolls.
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