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.”