India’s largest software services exporter Tata Consultancy Services (TCS) has declared its fourth quarter results for FY 2013. The results were better than market expectations.
Company’s net profit grew by 1.27 percent quarter-on-quarter to Rs 3,597 crore in fourth quarter of FY13 while revenues of the company grew by 2.24 percent to Rs 16,430.10 crore from Rs 16,069.90 crore during the same period.
Analysts were expecting the company to post net profit of Rs 3,504 crore and revenues of Rs 16,406 crore for the quarter that ended on 31st March 2013.
TCS Guidance for the coming quarter and FY 2014 is awaited.
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