 "TCS Q4 results: Net profit slips 1.7% to ₹12,224 crore, misses estimates")
India’s largest information technology (IT) services player, Tata Consultancy Services (TCS), on Thursday reported a 1.7 per cent decline in net profit to ₹12,224 crore for the fourth quarter of 2024-25, down from ₹12,434 crore in the year-ago period. The drop came amid rising uncertainty, delays in decision making, and project ramp-downs.
The company’s revenue for the quarter rose 5.2 per cent to ₹64,479 crore. Sequentially, revenue grew marginally by 0.79 per cent.
TCS’ performance fell short of Bloomberg estimates of ₹12,766 crore net profit on a revenue of ₹64,848 crore.
For the full year, net profit rose 5.8 per cent to ₹48,553 crore, while revenue grew 6 per cent to ₹255,342 crore. The company crossed the $30 billion revenue milestone for the first time.
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