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April 11, 2022 / 07:37 PM IST

TCS Q4 Results Highlights | Closing FY22 on strong note, added maximum incremental revenue ever: Rajesh Gopinathan

TCS Q4 Results Highlights | The company struck a new milestone, with the revenue crossing Rs 50,000 crore for the first time, and profit came close to the Rs 10,000 crore-mark.

TCS Q4 Results Highlights | IT major Tata Consultancy Services (TCS) declared its results for the fourth quarter of financial year 2021-22 today. The company struck a new milestone, with the revenue crossing Rs 50,000 crore for the first time, and profit came close to the Rs 10,000 crore-mark.

The firm has reported a consolidated net profit of Rs 9,926 crore for the quarter ended March 2022, registering a 7 percent on-year growth.

The consolidated revenue for TCS

during the January - March period stood at Rs 50,591 crore, up 16 percent from the year-ago quarter, aided by all-round growth across business verticals, stable deal wins and an increase in transformation spends by corporates.

The company had reported a profit of Rs 9,246 crore and revenue of Rs 43,705 crore in the corresponding period of previous financial year. Consolidated profit for the preceding quarter of the current financial year (October-December 2021) stood at Rs 9,769 crore on revenue of Rs 48,885 crore.

TCS' growth in Q4FY22 was expected to be broad-based across verticals as it continues to witness strong demand across technology segments aided by strong client requirements for cloud and digital transformation, data analytics, artificial intelligence, Internet of Things (IOT), 5G rollouts and cyber security.

According to 28 analysts polled by Bloomberg, TCS was estimated to post a revenue of Rs 50,355 crore while net profit is expected to come in at Rs 10,055 crore. Analysts predicted a broadly stable margin with attrition almost peaking out. Management commentary on the outlook on the growth environment was stated to be a key thing to watch out for.

Kotak Institutional Equities pegged growth in dollar revenues at 11 percent on year to $6,649 million while constant currency revenues were expected to grow 12.9 percent on year and 2.4 percent on a sequential basis.

It expected the company to report revenues of Rs 50,067 crore for the quarter at an annualised growth rate of 14.6 percent and a sequential rate of 2.4 percent.

Motilal Oswal Financial Services expected the company to report 12.3 percent growth on year in dollar revenues to $6,726 million while revenue in rupee terms is expected to grow 15.7 percent on year to Rs 50,600 crore, a sequential rate of 3.5 percent.

According to Nomura, rupee revenues were likely to increase by 14.1 percent on year to Rs 49,860 crore, an increase of 2 percent on quarter. Experts had expected deal wins in Q4FY22 to remain stable as compared to Q3FY22.
  • April 11, 2022 / 07:36 PM IST

    The live blog session has concluded. For more news, views and updates, stay tuned with Moneycontrol.com.

  • April 11, 2022 / 07:34 PM IST

    TCS Q4 Results LIVE Updates | "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, " said CEO Rajesh Gopinatahan.

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  • April 11, 2022 / 07:33 PM IST

    TCS Q4 Results LIVE Updates | TCS has recommended a final dividend of ~Rs 22 per equity share of Re l each. The proposed final dividend shall be paid on the fourth day from the conclusion of the 27th Annual General Meeting, subject to approval of the shareholders of the company.

  • April 11, 2022 / 07:16 PM IST

    TCS Q4 Results LIVE Updates | "As on March 31, 2022, the company has applied for 6,583 patents, including 187 applied during the quarter, and has been granted 2,287 patents. For the full year, TCS filed for 704 patents and was granted 437," TCS said.

  • April 11, 2022 / 06:57 PM IST

    TCS Q4 Results LIVE Updates | TCS noted that it has been selected by the Indian Ministry of External Affairs for the second phase of the Passport Seva Program, the country’s largest mission-critical e-governance program till date, following TCS’ successful implementation of the first phase when it digitized all the processes.

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  • April 11, 2022 / 06:44 PM IST

    TCS Q4 Results LIVE Updates | Listing the recognitions it earned during the fiscal, TSC said it "ranked #1 in customer satisfaction across Europe, for the ninth consecutive year, in the largest independent survey of 1,800 CxOs from top IT spending organizations in Europe by Whitelane Research. TCS was ranked #1 in UK, France, Netherlands, BeLux, Switzerland, Sweden, Norway and Finland."

  • April 11, 2022 / 06:29 PM IST

     TCS Q4 Results LIVE Updates | At 18.7%, North American market recorded maximum expansion

    "Growth among markets was led by North America which grew (+18.7%). UK grew (+13%), Continental Europe grew (+10.1%). Among emerging markets, Latin America grew (+20.6%), Middle East & Africa grew (+7.3%), India grew (7%), and Asia Pacific grew (+5.5%)," TCS said.

  • April 11, 2022 / 06:21 PM IST

    TCS Q4 Results LIVE Updates | According to TCS, all verticals grew in the mid to high teens. "Growth was led by Retail and CPG (22.1%), Manufacturing vertical (+19%) and Communications & Media (+18.7%). Technology & Services grew (+18%) and Life Sciences and Healthcare grew (+16.4%) while BFSI grew (+12.9%)," the company said in a press release.

  • April 11, 2022 / 06:19 PM IST

    TCS Q4 Results LIVE Updates | "'With the highest ever net addition this year, consistently highest talent retention, benchmark talent development metrics, continued focus on health and wellbeing and numerous industry awards, we have reaffirmed TCS’ position as the #1 employer of choice," Milind Lakkad, Chief HR Officer, said

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  • April 11, 2022 / 06:15 PM IST

    TCS Q4 Results LIVE Updates | “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," said Samir Seksaria, TCS' Chief Financial Officer.

  • April 11, 2022 / 06:14 PM IST

    TCS Q4 Results LIVE Updates | “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. 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," said N Ganapathy Subramaniam, Chief Operating Officer and Executive Director.