India's TCS beats fourth quarter view as North America holds up

## Summary
Advertisement Business India's TCS beats fourth quarter view as North America holds up A man walks past a logo of Tata Consultancy Services (TCS) before a press conference in Mumbai, India, January 11, 2024. Click here to return to FAST Tap here to return to FAST FAST BENGALURU, April 9 : India's top software services exporter Tata Consultancy Services beat profit and revenue estimates for the fourth quarter on Thursday, helped by strength in its North American market and a falling domestic currency. Sales for the quarter rose 9.7 per cent to 706.98 billion rupees ($7.63 billion), while net profit was up 12.2 per cent to 137.18 billion rupees ($1.48 billion). Annualised AI revenue - a key measure analysts were looking at for growth - crossed $2.3 billion in the fourth quarter, the company said, up from the $1.8 billion last quarter.

## Article Content
Advertisement
Business
India's TCS beats fourth quarter view as North America holds up
A man walks past a logo of Tata Consultancy Services (TCS) before a press conference in Mumbai, India, January 11, 2024. REUTERS/Francis Mascarenhas
09 Apr 2026 08:07PM
Bookmark
Bookmark
Share
WhatsApp
Telegram
Facebook
Twitter
Email
LinkedIn
Set CNA as your preferred source on Google
Add CNA as a trusted source to help Google better understand and surface our content in search results.
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
BENGALURU, April 9 : India's top software services exporter Tata Consultancy Services beat profit and revenue estimates for the fourth quarter on Thursday, helped by strength in its North American market and a falling domestic currency.
Sales for the quarter rose 9.7 per cent to 706.98 billion rupees ($7.63 billion), while net profit was up 12.2 per cent to 137.18 billion rupees ($1.48 billion).
Analysts, on average, were expecting sales of 694.94 billion rupees and net profit of 136.46 billion rupees, as per data compiled by LSEG.
The company is the first major Indian IT company to report fourth-quarter results. Rivals Infosys and HCLTech are set to report later this month.
CNA Games
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
Show More
Show Less
Software services firms bill in foreign currencies but incur most costs in rupees, benefiting when dollar earnings are converted.
Revenue from its North American market, from which the company derives nearly half of its revenue, grew by 2.5 per cent.
"While the macroeconomic headwinds continue, we see sustained customer conviction in technology investments, which positions us well for the opportunities ahead," chief executive K Krithivasan said in a statement.
Annualised AI revenue - a key measure analysts were looking at for growth - crossed $2.3 billion in the fourth quarter, the company said, up from the $1.8 billion last quarter.
Two analysts said revenue growth at TCS' banking and financial services was "muted".
The segment, TCS' biggest revenue driver, grew 0.4 per cent. Segment growth was led by life sciences and manufacturing, up 3.3 per cent and 3.1 per cent respectively.
TCS' order book for the quarter stood at $12 billion, up from $9.3 billion in the third quarter and down from $12.2 billion in the year-ago period.
($1 = 92.6575 Indian rupees)
Source: Reuters
Newsletter
Week in Review
Subscribe to our Chief Editor’s Week in Review
Our chief editor shares analysis and picks of the week's biggest news every Saturday.
Sign up for our newsletters
Get our pick of top stories and thought-provoking articles in your inbox
Subscribe here
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Download here
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Join here
Advertisement
Also worth reading
Content is loading...
Advertisement
Expand to read the full story
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST

---

## Expert Analysis

### Merits
N/A

### Areas for Consideration
- CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less Software services firms bill in foreign currencies but incur most costs in rupees, benefiting when dollar earnings are converted.

### Implications
N/A

### Expert Commentary
This article covers billion, quarter, fast topics. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 560.