TCS net up 52 percent in fourth quarter

Tata Consulting Services (TCS) posted net profit of Rs.5,297 crore (Rs.53 billion) for the fourth quarter (January-March) of just-concluded fiscal 2013-14, registering a whopping 52 percent growth year-on-year (YoY) and 2.3 percent sequentially, as per the Indian accounting standard.

In a regulatory filing to the stock exchanges, the global software major said its revenue grew 32 percent YoY to Rs.21,551 crore for the quarter under review (Q4) and 1.2 percent sequentially.