The country's largest
software services firm, Tata Consultancy Services (TCS) on Monday reported a
14.9 per cent rise in consolidated net profit to Rs 9,246 crore for the March
2021 quarter.
Photograph: Courtesy, TCS.
This is against a net
profit of Rs 8,049 crore in the year-ago period, TCS said in a regulatory
filing.
The revenue of the IT
major grew 9.4 per cent in the quarter under review to Rs 43,705 crore from Rs
39,946 crore a year ago, it added.
"Our investments over
the last decade in building newer capabilities, and in research and innovation,
position us well for the multi-year technology services opportunity ahead.
While we continue to dominate in our traditional areas of strength, we are
making good progress in gaining share in the growth and transformation
opportunity," TCS Chief Executive Officer and Managing Director Rajesh
Gopinathan said.
The firm's focus going into
FY22 will be to engage with clients in their growth agenda, propelled by
innovation and leverage of collective knowledge, he added.
The net profit for the
fiscal ended March 2021 was up at Rs 33,388 crore (excluding legal claim
provisions), from Rs 32,340 crore in the previous financial year.
Its net profit on a
reported basis stood at Rs 32,430 crore for FY21.
TCS had provided Rs 1,218
crore (USD 165 million) towards a legal case (relating to Epic Systems
Corporation) in its consolidated statement of profit and loss for the year
ended March 31, 2021.
The board of directors has
proposed a final dividend of Rs 15 per equity share.