Business
TCS net up 13.5 percent for 2014-15
Mumbai, April 16
Tata Consultancy Services
(TCS) has posted net profit of Rs.21,696 crore for the just-concluded
fiscal 2014-15, registering 13.5 percent year-on-year (YoY) growth as
per the Indian accounting standard.
In a regulatory filing to the
stock exchanges on Thursday, the IT bellwether said revenue for the
fiscal under review (FY 2015) increased 15.7 percent YoY to Rs.94,648
crore under the Indian financial reporting standards.
Under the
International Financial Reporting Standards (IFRS), gross income grew 15
percent YoY to $15.5 billion and net income 12.8 percent YoY to $3.5
billion.
Earlier, the global software major reported net profit
of Rs.5,906 crore for fourth quarter (January-March) of the fiscal under
review, registering 11.5 percent YoY and 8.5 percent sequential growth.
Revenue
for the quarter under review (Q4) increased to Rs.24,220 crore,
reflecting 12.4 percent YoY and 1.6 percent sequential growth.
Under IFRS, gross income grew 11 percent YoY to $3.9 billion and net income 10.5 percent YoY to $951 million.
"Operating
profit was Rs.25,424 crore for fiscal and Rs.6,591 crore for quarter,
while operating margin increased to 26.9 percent for fiscal and 27.2
percent for quarter and volume growth was 16.9 percent YoY and 1.4
sequentially.