BENGALURU: IT services company Tata Consultancy Services (TCS) on Thursday posted a 1.6% decline in net profit for the March quarter at Rs 12,224 crore compared to Rs 12,434 crore reported in the year-ago period.
It reported a 5.3% year-on-year increase in March quarter revenue at Rs 64,479 crore, driven by double-digit growth in regional markets. The company had posted Rs 61,237 crore revenue in the year-ago period.
For full-year FY25, the company reported Rs 2,55,324 crore revenue, up 6% compared to Rs 2,40,893 crore posted in FY24. In dollar terms, it crossed the USD 30 billion revenue milestone.
K Krithivasan, Chief Executive Officer and Managing Director, TCS said, “We are pleased to cross the USD 30 Billion in annual revenues and achieve a strong order book for the second consecutive quarter. Our expertise in AI and Digital Innovation, coupled with the unmatched knowledge of customer context and global scale makes us the pillar of support for our customers in this environment of macroeconomic uncertainty. We remain committed to staying close to our customers and helping them achieve their core priorities.”