- All Industry Verticals Grow Mid- to High Teens
- North America Continues to Lead, +18% YoY CC
- Client Metrics Shine: 10 new clients in $100 Mn+ bucket (Total: 58); 21 new clients in $50 Mn+ bucket (Total: 118)
- Women in the Workforce Cross the 200,000 Mark; +68% Growth in Number of Senior Women Executives during 2016-21
- Board Announces Buyback Valued at `18,000 Cr at ` 4,500 per Share
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 $6.524 billion, +4% YoY; +15.4% CC YoY
- Industry-Leading Operating Margin at 25%; -1.6% YoY
- Net Income at $1.303 billion, +10.5% 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 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 number of senior women executives during 2016-21 | 156 Nationalities in the workforce
- Building a G&T workforce: 100K+ market relevant skills gained in Q3 | 38K+ Contextual Masters identified
- LTM IT Services attrition rate at 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.”
N Ganapathy Subramaniam, Chief Operating Officer & Executive Director, said: “We continued our focus on growing organically and on developing the talent, methodologies, and toolkits for an ever-evolving technology landscape. This, coupled with our contextual knowledge and the passion and commitment of thousands of TCSers enabled us to deliver cutting-edge solutions during the quarter, and help our clients realize speed to value. We are also delighted to cross another important milestone in our journey, hitting the $25 billion revenue mark in CY 2021.”
Samir Seksaria, Chief Financial Officer, said: “Our sustained investment in our talent has helped us power strong growth despite a challenging supply environment. We remain focused on long term talent development as well as on tactical measures to mitigate the talent churn. We have exercised various operating levers in Q3 to mitigate the higher costs and manage our employee expense.”
-Ends-
About Tata Consultancy Services
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile™ delivery model, recognized as a benchmark of excellence in software development.
A part of the Tata group, India's largest multinational business group, TCS has over 556,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22.2 billion in the fiscal year ended March 31, 2021 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com.
TCS media contacts
Asia Pacific
Email: wenjian.lin@tcs.com | Phone: +65 9695 9948
Australia and New Zealand
Email: kelly.ryan@tcs.com | Phone: +61 422 989 682
Canada
Email: tia.thomas@tcs.com | Phone: +1 647 790 7602
Europe
Email: joost.galema@tcs.com | Phone: +31 615 903387
India
Email: saxena.kritika@tcs.com | Phone: +91 22 6778 9999
Email: vanshika.sood@tcs.com | Phone: +91 22 67789098
Middle East & Africa
Email: s.hasneen@tcs.com | Phone: +971567471988
Japan
Email: douglas.foote@tcs.com | Phone: +81 80-2115-0989
Latin America
Email: martin.karich@tcs.com | Phone: +569 6170 9013
UK
Email: peter.devery@tcs.com | Phone: +44 20 3155 2421
USA
Email: william.thomas@tcs.com | Phone: +1 203-984-3978
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