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   TCS Q4 results 2016 LIVE: Tata Consultancy Services (TCS) on Monday beat estimates and announced 5.42 per cent quarter-on-quarter (qoq) rise in its consolidated net profit figures at Rs 6,413 cr for the quarter ending March 2016. The company registered net profit of Rs 6,083.39 crore in the sequential quarter ended December 2015 and Rs 3712.67 crore in the same quarter last year. Annual wage hikes at TCS to be in the range of 8-12%. The company has given a final dividend of 2700 per cent at Rs 27 per share of Rs 1. Revenue of TCS jumped by 3.96 per cent qoq to Rs 28,448.61 crore. Topline of TCS stood at Rs 27,364.01 crore in the sequential quarter ended December 2015. The total dividend for the year 2015-16 is Rs 43.5 per share (4350 per cent), which includes proposed Rs 27 final dividend. The dividend will be paid of the seventh day from the conclusion of the Annual General Meeting. CEO N Chandrasekaran said, "We are building the right talent pool by training more than 120,000 TCSers in FY16 in 400+ new digital technologies. Our core portfolio performed strongly in Q4, driven by strong volumes led by growth in BFSI, retail & mfg sectors. In terms of key markets, growth in Q4 was led by Europe and North America. Digital contributed 15.5% to the revenues in Q4. We have done well in India market. We have grown over 2 percent on a sequential basis. We are happy with our Digital Growth. Digital Revenues grew 52.2% in FY16." CFO Rajesh Gopinathan "We have invested over $250M to support organic growth in our Digital businesses". In dollars, TCS reported a 64.4 percent increase in quarterly profit, beating estimates, on improving margins and strong revenue growth. TCS reported a net profit of $952.82 million (Rs 63.41 billion) for its fiscal fourth quarter to March end, as compared with Rs 38.58 billion a year earlier.

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   TCS Q4 results 2016 LIVE: TCS Q4 HIGHLIGHTS FOR 2015-16: 1. Operating Profits at Rs 7,412 cr up 1.9% Q-o-Q; 87.0% Y-o-Y; 2. Operating Margin at 26.1 %; 3. Volume growth at 3.2 % ; 4. Digital Revenues: 15.5%; 4. Gross Addition: 22,576 employees; 5. Net addition: 9,152 employees; 6. Attrition rate: 15.5% LTM (14.7% in IT services); 7. EPS at ` 32.18 in Q4 from ` 31.01 in Q3; 8. Final dividend (proposed) of Rs 27 per share. N Chandrasekaran added: “Looking ahead, we continue to build on our trusted customer relationships and remain focused on helping them win in the new experience economy. We will continue to invest in developing ‘digital’ talent and launch new products in emerging areas leveraging the Internet of Things, automation and machine learning. We also look forward to intensifying our social initiatives to bring the benefits of technology to the community.” ANNUAL HIGHLIGHTS FOR 2015-16: * Operating Profits at Rs 28,790 cr; up 26.3%; Operating Margin at 26.5%; * Customer Revenue Metrics - Clients in $100M+ band increased by 8 Clients in $20M+ band increased by 11 Clients in $10M+ band increased by 37; * All time high Gross addition: 90,182 Employees - FY16 EPS at Rs 123.17; * Total Dividend at Rs 43.5 per share (including Rs 27 proposed Final Dividend)

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   TCS Q4 results 2016 LIVE: The fourth quarter saw broad-based growth with the CORE PORTFOLIO performing strongly led by BFSI (3.2% Q-o-Q), Manufacturing (3.9% Q-o-Q) and Retail (2.1% Q-o-Q) in constant currency. For FY16, growth was led by BFS (14.8% Y-o-Y), Life Sciences (20.6% Y-o-Y), Travel & Hospitality (17% Y-o-Y) and Manufacturing (15% Y-o-Y) in constant currency. In terms of KEY MARKETS, growth in Q4 was led by Europe (3.6% Q-o-Q) and North America (2.4% Q-o-Q) in constant currency. For FY16, North America grew by 10.8%, Europe grew by 12.9%, UK by 8.3% in constant currency. India crossed $ one billion milestone in annual revenues while overall revenues from new Growth Markets stood at $ 3.3 billion in FY16. HUMAN RESOURCES: TCS continued to hire to support business growth and employed 353,843 professionals globally from 129 nationalities including with 33.8% women professionals at the end of FY16. The attrition rate for IT services was 14.7% while overall it stood at 15.5% on an LTM basis. FY16 saw an all-time high gross addition of 90,182 employees in FY16, with a net addition of 34,187 employees. In Q4, there was a total gross addition of 22,576 employees and net addition of 9,152. “TCS completed its highest ever hiring of over 90,000 new employees globally during the year. We are also delighted that our employee retention continues to increase as we continue to invest in building digital skills of TCSers to help them participate extensively in the new digital economy.” said Ajoy Mukherjee, Executive vice president and Global Head, Human Resources.

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   TCS Q4 results 2016 LIVE: However, on the day India's largest software services exporter Tata Consultancy Services (TCS) was to report its March-quarter earnings, after market hours, its share price fell as much as 3.4 pct after medical software company Epic Systems won $940 mn US jury verdict in trade secret case – this was in early morning trade. Tata Consultancy Services reported its March-quarter earnings after market hours on Monday. Tata Consultancy Services (TCS) has denied any wrongdoing, says it plans to appeal. A prima facie reading of the verdict indicates that Epic's claims are grossly exaggerated, says Kotak Institutional Equities. Brokerage says incident will attract negative press for TCS; retains "Add" rating with target price of Rs 2,525. Ahead of the announcement by TCS, U.R. Bhat, managing director at Dalton Capital Advisors said, "Infosys came out with better-than-expected results and that's why we are seeing some cheer in the market but this has to be followed up by TCS. If TCS doesn't come up with a better result, it would be a good excuse for the market to short." (Reuters)

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   In Q3 (January, 2016), TCS had announced a consolidated net profit for the quarter ended December 2015 of Rs 6,083.39 crore, up 14.18 per cent against Rs 5,327.55 crore in the corresponding quarter a year ago. TCS Revenue - Income from operations jumped 11.7 per cent year-on-year to Rs 27,364.01 crore against Rs 24,501.14 crore in the same quarter last year. Human Resources - there was a total addition of 22,118 people taking total employee strength to 344,691 employees on consolidated basis. The attrition rate fell to 15.9 per cent. (Reuters)

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