Indian Software Tycoon TATA CONSULTANCY SERVICES (TCS) Declared It’s Quarter 4 Results . IN TCS Q4 Result, revenue missed analyst estimates and ends up at 39,946 Crore Which Is up by 5.1% YOY basis . In TCS Q4 Result , Analyst estimates the revenue of around 40317.3 crore . Company also reported decline in net profit which stands at 8093 crore down by 0.3 % when compared with its quarter 3 net profit.
|Q4 FY 2020|
|Q3 FY 2019|
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Company’s Also declared the final dividend of Rs 6 per equity share which is 600% of the face value of Re 1 . It will be credited in account on the fourth day after the conclusion of Annual General Meeting . Besides this dividend it declares the interim dividend of around Rs12 in previous month . This makes the total dividend of Rs.18 in the Q4
Commenting on the TCSNSE -1.10 %’ Q4 performance, CEO and MD Rajesh Gopinathan, said: “The pandemic completely reversed the positive momentum that we had started seeing in some of our biggest verticals in the first half of the quarter. On the positive side, we had very strong deal closures during the quarter. In fact, our order book this quarter is the largest ever, from the time we started reporting the metric. Organisations across the world are realising the need for operational and systems resilience.
TCS Gopinathan also said that it will not lay off employees . He also give hints that salary hike will not be there in the first half of the financial year 2020-2021 but promotion will be happening on business performance
TCS also stated that it will honor all the 40,000 Campus placements and company will on board all of them from Q2 and Q3 .