The IT heavy weight TCS along with Satyam came out with their quarter 4 results yesterday. TCS announced a net profit of Rs 5026 crores for the year ending Mar 31st,2008 which is a growth of 19.3% y-on-y. The total income of the company stood at Rs 23349 crores.The company also announced a dividend of Rs 5 per share of face value of Rs 1 each.You can read the total analysis of the Q4 results of the here.

Satyam computers also announced its Q4 results in which the net sales were up by 30.66% at Rs 8473 crores The consolidated net profit for Q4 was at Rs 466 crore, a growth of 7.7% from its previous quarter. RIL too came out with its quarterly numbers posting a 24% increase in its net profits in the fourth quarter.

The markets also reacted positively to all these news along with the global cues and gained 258 points. The nifty also closed above 5000 level barrier after Feb 29th,2008. After the bank of Americas results came yesterday which has shrunk due to the ongoing crisis the US markets closed flat in yesterdays trade and the same is being reflected in Asian markets today with Nikkei and Hang Seng down by 1% each in the morning trade. The Indian markets will also remain subdued today with profit booking coming in.

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