The share price of Tata Consultancy Services (TCS) climbed 7 percent to Rs 1,820 on the NSE after the company reported its Q4 earnings. The country's largest software services exporter reported a consolidated profit of Rs 8,049 crore for Q4FY20, down 0.85 percent on a quarter-on-quarter basis due to lower other income and higher finance cost.

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Consolidated revenue for the quarter rose 5.1 percent YoY to Rs 39,946 crore from Rs 39,854 crore in the year-ago period.

The company in a regulatory filing announced final dividend of Rs 6 per equity share of Rs 1 each of the company which shall be paid/dispatched on the fourth day from the conclusion of the annual general meeting.

Dollar revenue for the quarter under review stood at $5,444 million, down 2.5 percent QoQ. Constant currency revenue growth at 3 percent was much lower compared to 6.8 percent in December quarter and 12.7 percent in Q4 FY19.

At the end of the March quarter, total contract value stood at $8.9 billion, the largest ever in a quarter, as against $6 billion in the December quarter.

The company expects the first half of FY21 to be impacted by the novel coronavirus or COVID-19. CEO Rajesh Gopinathan has also warned of its topline contracting in FY21 with hopes of normalcy returning only in the third quarter.

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