Tata Consultancy Services, India’s largest software exporter said its fourth quarter profits grew 4.2 per cent to Rs 6,608 crore and revenues grew 4.2 per cent to Rs 29,642 crore on the back of improved digital business.
TCS had reported profits of Rs 6,347 crore in the January-March 2016 quarter on revenues of Rs 28,449 crore.
Operating margins, calculated as revenue minus expenses, stood at 25.7 per cent.
TCS grew 8.5 per cent in dollar revenue for the whole year at a larger base, outshining smaller rival Infosys, which grew 7.4 per cent. TCS said FY17 profits grew 8.6 per cent to Rs 26,289 crore on revenues of Rs 1,17,966 crore, which grew 8.6 per cent.
The company’s revenues from digital technology business grew 29 per cent for the last fiscal (FY17) at $3 billion. '
“FY17 was a year of broad-based growth amid economic and political turbulence in our key markets. Our clients are looking for integrated offering as they advance their cloud agenda and we have a solid pipeline,” said Rajesh Gopinathan, chief executive officer and managing director, TCS in a statement.