Revenue for the fourth quarter increased by 16.8 per cent to Rs 50,591 crore from Rs 43,705 crore last year. While operating margin was 25 per cent, net margin was at 19.6 per cent. Tata Consultancy Services (TCS), India’s largest software company, has reported a 7.35 per cent increase in the net profit at Rs 9.926 crore for the fourth quarter ended March 2022 as against Rs 9,246 crore in the same period of last year.
Revenue for the quarter increased by 16.8 per cent to Rs 50,591 crore from Rs 43,705 crore last year. While operating margin was 25 per cent, net margin was at 19.6 per cent.
TCS has recommended a final dividend of Rs 22 per share.According to TCS, growth among markets was led by North America which grew (18.7 per cent). UK grew (13 per cent), Continental Europe grew (10.1 per cent). Among emerging markets, Latin America grew (20.6 per cent), Middle East & Africa grew (7.3 per cent), India grew (7 per cent), and Asia Pacific grew (5.5 per cent).
Rajesh Gopinathan, MD and CEO, TCS, said, “we are closing FY 22 on a strong note, with mid-teen growth and adding the maximum incremental revenue ever. Increasing participation in our customers’ growth and transformation journeys, and an all-time high order book provide a strong and sustainable foundation for continued growth ahead.”
CS shares gained 0.26 per cent at Rs 3,696.40 on the BSE on Monday.
In Q4, TCS added 35,209 employees on a net basis, the highest ever net addition in a quarter. Employee headcount stood at 592,195, a net addition of 103,546 during the year, another all-time high. The workforce continues to be very diverse, comprising 153 nationalities and with women making up 35.6 per cent of the workforce.
All verticals grew in the mid to high teens. Growth was led by retail and CPG (22.1 per cent), manufacturing vertical (19 per cent) and communications & media (18.7 per cent). Technology & services grew (18 per cent) and life sciences and healthcare grew (16.4 per cent) while BFSI grew (12.9 per cent).
The net profit for FY 22 at Rs 38,327 crore, a rise of 14.8 per cent. Revenue for the full fiscal was Rs 191,754 crore, up 16.8 per cent.It is immensely satisfying to close the year with robust, broad-based growth, industry-leading margins and the highest ever order book. During the year, we took on technologically challenging, industry-first transformational programs and brought to bear the full power of TCS’ capabilities and that of our partner ecosystem, to successfully deliver market-changing outcomes,” said N Ganapathy Subramaniam, COO and Executive Director.
“Our continued investments in building newer capabilities, our passion for innovation, our contextual knowledge and most importantly, our self-belief have been key to this, and these position us very well for continued success ahead,” he said.
Samir Seksaria, Chief Financial Officer, said: “While continuing to make all the investments needed to support our growth aspirations, we managed the headwinds this year to deliver an industry-leading operating margin yet again. The successful completion of our fourth buyback in five years is another milestone in our shareholder-friendly approach to capital allocation.”
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