Tata Consultancy Services reported consecutive fall in net profit, for the quarter ended 31 March 2017. It posted a net profit of Rs. 6,608 crore, down by 2.5 percent as compared to its previous quarter of Rs. 6,778 crore.
Its Operating Profit stood at Rs. 7,627 crore, down 1.4 percent Q-o-Q. While revenues were tad down by 0.30 percent to Rs. 29,642 crore Q-o-Q.
Revenues in dollar terms raised by 1.50 percent to $4,452 million, compared to December 2016 Q-o-Q. While in constant currency, revenues grew by one percent.
Company gave operating margin guidance at 23-25 percent and revenue guidance at 6.5 – 8.5 percent in constant currency for financial year 2018.
Key Highlights:
- Annual FY17 Revenues at Rs 117,966 crore, up by 8.86 percent
- Annual FY17 CC Growth, 8.3 percent; FY17 Volume Growth at 8.50 percent
- Annual FY17 Net Profit at Rs. 26,289 crore, up by 8.60 percent Y-o-Y
- Annual FY17 Cash Flow from Operations at Rs. 26,992 crore, up by 15.4 percent Y-o-Y
- FY17 Q4 Revenues at Rs. 29,642 crore, up by 4.2 percent Y-o-Y
- FY17 Q4 Net Profit at Rs. 6,608 crore, up by 4.2 percent Y-o-Y
The company has recommended a final dividend of Rs. 27.50 per Equity Share of Re 1 face value.
Earlier, on February 20, 2017, the company has approved a buyback of up-to 5,61,40,351 (Five crore sixty one lakh forty thousand three hundred and fifty one only) equity shares of the company. A 2.85 percent of the total paid up capital, an aggregate amount not exceeding Rs 1,600 crore, at Rs. 2,850 per equity share.
Posted on: 18/04/2017 07:59:00 PM
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