- Revenue Growth of +13.5% YoY in CC; 8.4% YoY in USD
- Growth led by
North America &UK (+15.4% YoY in CC) - Operating Margin at 24.5%;
Net Margin at 18.6% - IT Services Attrition trending down: LTM Attrition at 21.3%
- Board Announces Dividend of
Rs 75 /share Including Special Dividend of Rs 67/share
Highlights of the Quarter Ended
- Revenue at 7.075 billion, +8.4% YoY, +13.5% YoY in constant currency
- Order Book at
$7.8 billion | Book to Bill at 1.1 - Operating Margin at 24.5%; contraction of 0.5% YoY
- Net Income at
$1.318 billion , +1.1% YoY |Net Margin at 18.6% Net Cash from Operations at$1.354 billion ie 102.8% of Net Income- Net headcount addition of -2,197 |Workforce strength: 613,974
- Diverse and inclusive workplace: Women in the workforce: 35.7% | 153 Nationalities
- Building a G&T workforce: 11.4 million learning hours clocked | 1.3 million competencies acquired
- LTM IT Services attrition rate at 21.3%
- Total Dividend per share of
Rs 75 per share includingRs 67 as special dividend
Record date17/01/2023 | Payment date03/02/2023 - Total Shareholder Payout of Rs
33,297crore Year till Date
N Ganapathy Subramaniam, Chief Operating Officer and Executive Director, said: "As I look back at 2022, it's gratifying to see the privileged partnership that we continue to enjoy with our clients globally. In a hybrid working model we delivered many complex transformation programs tailored to the specific needs of our clients' ecosystem with speed and agility. It's also refreshing to see our delivery centers and PacePort labs busy with our consultants and client executives jointly reimagining solutions to deliver the future, now. The year also saw us embracing data, AI and ML holistically to disrupt ourselves and drive competitive advantage to our clients' businesses. All these augur well for our future as we step into 2023."
Q3 Segment Highlights**
Industries: Growth was led by Retail and CPG (+18.7%) and Life Sciences & Healthcare verticals (+14.4%). Communications & Media grew +13.5% and Technology & Services grew +13.6%. Manufacturing grew +12.5% while BFSI grew +11.1%.
Markets: Among major markets,
Services: Growth in Q3 was led by Cloud, Cyber Security, Consulting Services and Enterprise Application Services.
- Consulting & Services Integration: Demand for Consulting services focused on strategic growth and transformation offerings including next-gen ERP transformation, supply chain and cloud strategy.
- Cloud Platform Services: TCS' cloud units continued to see very strong growth led by services for cloud migration and modernization, hybrid cloud adoption, managed services and governance.
- Digital Transformation Services: Growth in Q3 was led by offerings around Salesforce, SAP, and niche SaaS platform services in the areas of human capital management, supply chain & CRM, managed security services and enterprise vulnerability management. There was increased SaaS adoption to improve the experience across sales & service channels, improve employee engagement, and derive better business insights. TCS' services leveraging TCS Crystallus™ are delivering business value through industry innovations across the enterprise. On the cybersecurity front, clients engaged TCS to uplift and automate the invested 'defense in depth' security architecture and processes while ensuring agility in tackling adverse events through threat surface management and automation. Clients also engaged TCS to help them with cyber-audits and assessments, threat intelligence, and Digital Identity Management.
- Cognitive Business Operations: Witnessed strong bookings in this quarter led by several large deals reflecting the robust demand for our business services. Our next-gen integrated MFDM™ led operations services leveraging Cognix™ continued to see strong adoption. We are seeing a trend among our customers of vendor consolidation and managed services across functions to enable optimization, co-innovation, faster decisions with intelligent analytics, and better user experience. Growth for the quarter was led by Supply Chain, F&A, and Digital Workplace services.
** Year on Year Growth in Constant Currency terms
Research and Innovation
As on
Human Resources
TCS' workforce was at 613,974 as on
The workforce continues to be very diverse, comprising 153 nationalities and with women making up 35.7% of the base.
IT services attrition on an LTM basis trended down to 21.3% and is expected to fall further in the coming quarters.
About
A part of the Tata group,
TCS media contacts:
Email: wenjian.lin@tcs.com | Phone: +65 9695 9948 | |
Email: kelly.ryan@tcs.com | Phone: +61 422 989 682 | |
Canada | Email: tiffany.fisher@tcs.com | Phone: +1 416 456 7650 |
Email: joost.galema@tcs.com | Phone: +31 615 903387 | |
Email: saxena.kritika@tcs.com| Phone: +91 22 6778 9999 Email: vanshika.sood@tcs.com | Phone: +91 22 67789098 | |
Email: pragya.priyadarshini@tcs.com | Phone: +971 528656700 | |
Email: douglas.foote@tcs.com | Phone: +81 80-2115-0989 | |
Email: alma.leal@tcs.com | Phone: +521 55 2095 6098 | |
Email: peter.devery@tcs.com | Phone: +44 20 3155 2421 | |
USA | Email: james.sciales@tcs.com | Phone: +1 917 981 7651 |
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