IT main Tata Consultancy Services (TCS) today announced that its Board of Directors has suggested a final dividend of Rs 15 per share, topic to shareholder approval. Earlier the enterprise has handed interim dividends of Rs 5 per share, Rs 12 per share, and Rs 6 per share in the earlier 3 quarters. The total dividend provided by TCS in the earlier economic year now stands at Rs 38 per share. Kicking off the earnings season, the enterprise reported a 15% on-year jump in net profit to Rs 9,246 crore in the January-March quarter.
TCS stated its consolidated income from operations grew to Rs 43,705 crore against Rs 42,015 crore in the earlier quarter. The income development was just shy of analyst estimates. BFSI segment continues to be the biggest contributor towards the income with Rs 17,559 crore, followed by the communication, media, and technologies segment, exactly where income was at Rs 7,042 crore.
The IT firm stated that its fourth-quarter order book was at $9.2 billion, the highest ever total contract worth in a 3 month period. Overall the income for the pandemic struck year came in at Rs 1.64 lakh crore, even though the order book for the year was at $31.6 billion, up 17% on-year basis. The enterprise stated it added 40,185 staff through the year, with 19,388 staff joining in the final quarter — the highest ever for a single quarter.
“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. Our focus going into FY 22 will be to engage with clients in their growth agenda, propelled by innovation and leverage of collective knowledge,” stated Rajesh Gopinathan, Chief Executive Officer and Managing Director.
Additionally, the enterprise announced the appointment of Samir Seksaria as Chief Financial Officer. Samir Seksaria will take more than from Ramakrishnan V, who would be retiring at the finish of this month.