TCS Q4 NET PROFIT PLUMMETS 30%

Tata Consultancy Services has recorded a 30.7 per cent fall in net profit for the fourth quarter ended March 31, 2015, by a one-off bonus paid to employees, cross currency-movements and overall weakness in key sectors.

The country’s largest software exporter reported a net profit of ₹3,713 crore, as per Indian accounting standards, against ₹5,358 crore reported in the same quarter a year ago.

For the full year ended March 31, 2015, TCS reported net profit growth of 3.6 per cent to ₹19,852 crore (₹19,164 crore) while total revenue went up 15.7 per cent to ₹94,648 crore (₹81,809 crore).