Tata Consultancy Services Ltd., the biggest software services exporter of India had posted net increase of 3.8% to Rs 6,341 crore for its fourth quarter.

The firm, prior to this had missed expectations in the last six quarters, the company has also announced an increase of 8-12 percent in annual wage this year.

TCS’ revenue for the forth quarter rose 1.5% sequentially to $4.21 billion whereas net profit rose 1.3% to $938 million, in rupee terms TCS’ revenue increased 4% to Rs 28,449 crore while net profit rose 3.8% to Rs 6,341 crore.

Read EquityPandit’s Nifty IT outlook for this week