Q3 Helps TCS Hit $25 Bn in Annual Revenue

“Our continued growth momentum is a validation of our collaborative, inside-out approach to our customers’ business transformation needs.“

Tata Consultancy Services (BSE: 532540, NSE: TCS) reported its consolidated financial results according to Ind AS and IFRS, for the quarter ending December 31, 2021.

Highlights of the Quarter Ended December 31, 2021

·            Revenue at `48,885 crore, +16.3% YoY; +15.4% CC YoY

·            Industry-Leading Operating Margin at 25%; -1.6% YoY

·            Net Income at `9,769 crore, +12.3% YoY | Net Margin at 20%

·            Strong Client Addition: 10 New $100Mn+ Clients (total: 58); 21 new $50Mn+ clients (total: 118)

·            Net Cash from Operations at `10,853 crore ie 111.1% of Net Income

·            Net headcount addition of 28,238 |Workforce strength: 556,986

·           Diverse and Inclusive: Women Employees Exceed 200,000; +68% growth in women at senior levels during 2016-21 | 156 Nationalities represented

·            Building a G&T workforce: 100K+ market relevant skills gained in Q3 | 38K+ Contextual Masters identified

·            LTM IT Services attrition rate at 15.3%; lowest in the industry

·            Board recommends a buyback of shares to the tune of  ` 18,000 Cr at ` 4,500 per share

·            Dividend per share: ` 7.00 | Record date 20/01/2022 | Payment date 07/02/2022

Rajesh Gopinathan, Chief Executive Officer and Managing Director, said: “Our continued growth momentum is a validation of our collaborative, inside-out approach to our customers’ business transformation needs. Customers love our engagement model, our end-to-end capability, and our can-do approach to problem solving. While mapping out their innovation and growth journeys, we are also helping them execute new-age operating model transformations to support those journeys.”