TCS Q4 Results 2010 To Be Announced On April 19

Tata Consultancy Services (TCS) will announce its Q4 results today. The board of directors will also sit on April 19, 2010 to decide on the final dividend to be given to the share holders.

 

It is also said that TCS is all set for a salary hike on the same day. Those who want to get the TCS Q4 results can send a SMS ‘R TCS’ to 51818.

 

Currently, TCS has about 1,44,000 employees in its payroll and plans to hire another 30,000 in the next financial year. The company has not announced any salary hike last year due to recession.

 

The other Indian IT majors such as Infosys and Wipro have already announced salary hike to their employees.

 

According to analysts, the salary hike decision is primarily based on the good returns. However, the hike will impact its net margins for the 

upcoming year.

 

The net profit of TCS in the Q4 2009 stood at Rs 1,333 crores which was up by 7% Y-o-Y. Similarly, its net profit in Q3 was Rs 1824 crores which is 34% gain Y-o-Y and 11% up Q-o-Q. TCS had revenues of Rs 7649 crores in Q3 which was 5.1% growth Y-o-Y and 2.9% Q-o-Q.