TCS Misses Street's Estimates, Consolidated PAT Rises 15% To ₹11,392 Cr

Tata Consultancy Services (TCS) missed Street's estimates for the fourth quarter of FY23. The IT giant garnered a consolidated PAT of ₹11,392 crore in Q4FY23, registering a growth of 14.8% YoY. Meanwhile, its revenue from operations stood jumped by 16.9% YoY to ₹59,162 crore. TCS also declared a final dividend of ₹24 per equity share for the fiscal year. TCS' share price gained by 1% on Wednesday with Q4 earnings in focus. Catch Business Today TV's Sakshi Batra in an exclusive conversation with N. Ganapathy Subramaniam, COO, TCS