Tata Consultancy Services, the country's top IT services, consulting and business solutions firm, has reported a 31.1 per cent jump in its fiscal fourth quarter net profit, at Rs2,623 crore, compared to the fourth quarter of the previous financial year.
TCS said its fourth quarter net profit was also 10.7 per cent higher compared to the third quarter.
TCS also saw its fourth quarter revenues cross the Rs10,000-crore mark while FY11 revenues crossed the $8-billion mark.
Net profit for the financial year 2010-11 rose 29.5 per cent to Rs9,068 crore while profit margin rose by 98 basis points to 24.3 per cent.
Revenues for the year 2010-11 rose 24.3 per cent to Rs37,325 crore ($8.2 billion). Operating profit for the year stood 29.9 per cent higher at Rs10,417 crore. Operating profit margin was up 122 basis points at 27.9 per cent.
"Excellent execution and a constant focus on the customer has helped TCS round off a sterling performance in FY11 with strong growth in the fourth quarter while maintaining margins at historic highs," N Chandrasekaran, CEO and MD said commenting on the company's 2010-11 performance.