Mumbai April 19 (IANS) Tata Consultancy Services (TCS) on Thursday reported that its consolidated net profit for the fourth quarter (Q4) increased 4.6 per cent annually but declined 1.8 per cent yearly for fiscal 2017-18 in rupee terms.
In a regulatory filing on the BSE it said net profit for Q4 at Rs 6 925 crore was up 4.6 per cent year-on-year from Rs 6 622 crore in the same period year ago and up 5.8 per cent sequentially from Rs 6 545 crore quarter ago.
"Consolidated net profit for the fiscal under review (FY 2018) declined 1.8 per cent annually to Rs 25 826 crore from Rs 26 289 crore in fiscal 2016-17 " said the city-based IT major.
Under the International Financial Reporting Standards (IFRS) net income for Q4 grew 7.9 per cent annually to $1 070 million from $992 million in the like period year ago and 5.7 per cent sequentially from $1 012 million quarter ago.
For the fiscal under review (FY 2018) net income under IFRS grew 2.3 per cent YoY to $4 005 million from $3 917 million in FY 2017.
Consolidated revenue for Q4 grew 8.2 per cent YoY to Rs 32 075 crore from Rs 29 642 crore in same period year ago and 3.8 per cent sequentially from Rs 30 075 crore quarter ago.
Revenue for FY 2018 grew 4.4 per cent YoY to Rs 1 23 104 crore from Rs 117.966 crore in FY 2017.
Under IFRS gross revenue for FY 2018 grew 8.6 per cent YoY to $19.09 billion from $17.76 billion year ago.
Operating income for Q4 was Rs 8 147 crore and Rs 30 502 crore for FY 2018 while operating margin for the quarter was 25.4 per cent and 24.8 per cent for the year.
--IANS
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