Tata Consultancy Companies (TCS), India’s largest IT exporter, on Monday reported a 11 per cent year-on-year (YoY) rise in revenue at Rs 10,846 crore for the September quarter in contrast with Rs 9,769 crore within the corresponding quarter final 12 months.
Revenues for the quarter jumped 19.10 per cent YoY to Rs 58,229 crore from Rs 48,885 crore in the identical quarter final 12 months. On fixed forex phrases, revenues had been up 13.5 per cent YoY.
Working margin for the quarter stood at 24.5 per cent, down 0.5 per cent YoY.
The corporate board declared a 3rd interim dividend of Rs 8 and a particular dividend of Rs 67 per fairness share.
Order guide for the quarter stood at $7.8 billion, the foremost stated, including that book-to-bill at 1.1 occasions.
As well as, order wins for the quarter stood at $7.8 billion, the foremost stated, including that book-to-bill at 1.1 occasions.
TCS stated its internet money from operations got here in at Rs 11,154 crore ie 102.8 per cent of internet revenue.
Internet headcount declined 2,197 whereas the entire workforce power stood at 6,13,974, TCS stated.
Within the final twelve months, IT Companies attrition price stood at 21.3 per cent.
Chief Govt Officer and Managing Director Rajesh Gopinathan of TCS, stated: “We’re happy with our robust development in a seasonally weak quarter, pushed by cloud companies, market share beneficial properties by way of vendor consolidation, and continued momentum in North America and UK. The sustained power of demand for our companies is a validation of the worth we offer to our purchasers in serving to them differentiate themselves, whereas enhancing their competitiveness. Wanting forward, and past present uncertainties, our longer-term development outlook stays sturdy.”
Amongst verticals, development was led by Retail and CPG (18.7 per cent) and Life Sciences & Healthcare (up 14.4 per cent), Communications & Media (up 13.5 per cent) and Know-how & Companies (up 13.6 per cent).
Manufacturing grew 12.5 per cent whereas BFSI grew 11.1 per cent, TCS stated.
Amongst main geographies, North America and UK led the expansion at 15.4 per cent every, Continental Europe grew at 9.7 per cent. In rising markets, Latin America grew at 14.6 per cent, India at 9.1 per cent, Asia Pacific grew at 9.5 per cent and Center East & Africa at 8.6 per cent.