New Delhi, April 17: India's largest IT company Tata Consulatancy Services met market expectations by reporting a 22 per cent rise in its net profit for the fourth quarter.
TCS said for the quarter ended March 31, 2013, its net profit rose to Rs 3,597 crore, a rise of 22 per cent from the same period of the previous year and 1.3 per cent sequentially, according to International Financial Reporting Standards.
The FY13 revenues were reported at Rs 62,989 crore up 28.8% Y-o-Y.
The Q4 volume growth was reported at 4.4% Q-o-Q. The company won orders from customers including Nokia and BNP Paribas. Other income stood at Rs 442 crore, versus Rs 221 crore in Q3, up 100 per cent.
TCS CEO N Chandrasekaran said the company delivered a strong growth and expressed optimism that 2013-14 will bring greater opportunities as tech plays an increasing role in re-imagining business.
TCS informed BSE that the Board of Directors of the Company at its meeting held on April 17, 2013, have recommended a final dividend of Rs 13 per equity share.
