TCS profits fall despite growing revenue


TCS profits fall despite growing revenue

Bill Goodwin

Tata Consultancy Services (TCS) has reported a 10% fall in net profits for the year despite a record turnover.

Net profits fell by 10.1% to £1.12bn despite a 23% jump in year on year revenues to $6bn.

"In an unpredictable operating environment, TCS delivered healthy topline growth of 23% and crossed the $6 billion milestone in revenues, " said. S Ramadorai, TCS CEO and managing director.

"By focusing on operational efficiencies, collecting cash more efficiently and driving an enterprise-wide cost control programme, we have improved our profit margins and continue to generate significant cash-flows."

The company said its UK business experienced good growth despite weaknesses in the telecoms sector, with a number of full-services deals in the retail sector.

Email Alerts

Register now to receive IT-related news, guides and more, delivered to your inbox.
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

COMMENTS powered by Disqus  //  Commenting policy