
Under the International Financial Reporting Standards (IFRS), net income for Q4 grew 7.9 per cent annually to $1,070 million from $992 million in the like period year ago and 5.7 per cent sequentially from $1,012 million quarter ago.
The country's largest software services exporter reported a revenue growth of 8 per cent year-on-year in the January-March quarter at Rs 32,075 crore.
Net margin for Q4 at Rs 6,904 crore ($1.07 billion) was 21.5 per cent of revenue, while it was 21 per cent of the revenue for the fiscal at Rs 25,826 crore. The TCS board also approved final dividend of Rs 29 per share. However, the Q3FY18 net profit witnessed a sequential growth of 1.31 per cent as against net profit of Rs 6,460 crore in the preceding quarter.
"Strong demand in digital across all industry verticals and large transformational deal wins have made this one of best fourth quarters in recent years".
TCS shares ended up 1 per cent at Rs 3,190.65 on the BSE on Thursday. He was quick to add, however, that they are on the right trajectory and will achieve the targeted double-digit growth in dollar revenue in FY19, pointing out to the 11.7 per cent growth achieved in the March quarter.
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During the fourth quarter, 23.8 per cent of TCS's revenues came from digital services, a growth of nearly 43 per cent over the year-ago period. Revenue rose to almost $5 billion, a 2% growth sequentially in constant currency (which discounts the impact of cross currency fluctuations) and 11.7% year-on-year growth in reported currency.
Chief Financial Officer V. Ramakrishnan said the margins were expected to remain in a stable range with revenue growth improving and digital business scaling up in the fiscal under review. Growth was led by the energy & utilities vertical (+33.7 percent), travel & hospitality (+25.4 percent) and life sciences & healthcare (+12.6 percent).
TCS said greater adoption of digital technologies by customers resulted in several large, multipractice integrated deal wins. "The multiple mega-deals that we won this year are evidence that TCS is their preferred partner in such strategically important initiatives", he further said. In Q3 of the last fiscal, the firm reported 1% percent rise in revenue to Rs 478.7 crore on QoQ basis.
The company said its attrition rate was 11 per cent in IT services. At an overall level, the focus on training resulted in over 5.6 million learning days in FY 18, over 247,000 employees getting trained on digital technologies, and 208,000 employees trained on Agile methodologies.
The volume growth for the year was at 7.6 percent & revenue growth in constant currency was 6.7 percent.
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