TCS net slips 1.8% in 2017-18
Thursday - April 19, 2018 7:46 pm ,
Category : BUSINESS
TCS net slips 1.8% in 2017-18
Mumbai April 19 (IANS) Tata Consultancy Services (TCS) on Thursday reported Rs 25 826 crore consolidated net profit for fiscal 2017-18 registering 1.8 per cent yearly decline from Rs 26 289 crore posted in 2016-17.
In a regulatory filing on the BSE the IT major said consolidated revenue for the fiscal under review (FY 2018) however grew 4.4 per cent yearly to Rs 1 23 104 crore from Rs 117.966 crore in fiscal 2016-17 (FY 2017).
Under the International Financial Reporting Standards net income grew 2.3 per cent yearly to $4 005 million in FY 2018 from $3 917 million in FY 2017.
Gross revenue grew 8.6 per cent yearly to $19.09 billion from $17.76 billion a year ago under IFRS.
--IANS
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