Tata Consultancy Services has posted 5.7% sequential increase in net profit, in its fourth quarter to Rs.6,904 crore. Net profit for the third quarter was at Rs 6,531 crore.
EBIT margin for the quarter was 25.4%, up 20 basis points sequentially. In absolute terms it was 4.7% higher sequentially at Rs. 8,147 crore. Revenue for the quarter increased 3.8% sequentially to Rs.32,075 crore, for the quarter ended March 31, 2018. The revenue for the December quarter was Rs.30,904 crore.
Full year revenue rose 4.35% over last year to Rs.1,23,104 crore. Full year net profit, however, was about 1.8% lower at Rs.25,826 crore. Dollar revenue in Q4 was Rs.4,972 million, as against Rs.4,787 million in the preceding quarter, a drop of 3.86%. Furthermore, its board has approved bonus of 1 share for every share held, and a final dividend of Rs.29 per share.