TCS AGM 2022 Highlights | FY22 saw TCS enjoy very good deal wins; $34.6 billion of deals signed: Rajesh Gopinathan

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Overall, between the company Tata Sons and its associates, there is a total transaction of Rs 1,551 crores. Mostly these transactions are related to either the company providing IT services or the company engaging with the group companies to be able to leverage the joint procurement volume so that the procurement can be done for the common needs of TCS and the other companies.

7.5% of TCS workforce is temporary workers. The company has 921 employees who are differently-abled. 64.4% of TCS employees are male.

Unclaimed dividends of Rs 6.28 crores and 25,561 shares were transferred to EPFs in the year 2022

“TCS has geographical distribution and in the global arena the IT spend varies across markets and TCS' proportion of revenues from diff markets is in proportion to the total IT Budget. The IT Budget, for example, in the United States, is significantly larger compared to India, so it’s not possible to substantially increase TCS’ revenue from India as of now.” -- TCS Chairman

“I think the Digital India Act is necessary because so much has changed over the last couple of decades since the original IT Act was put in place. So, I am glad that the government is engaged and developing a participative approach to develop the Digital Act, which is very important given there are new issues such as privacy.

“Over the last five years revenue growth has been steady, with a compounded annual growth rate of more than 10 percent and with resilient industry-leading profit, with operating profits of between 24.8 to slightly more than an average of 25 percent.”

“Our approach towards shareholder-friendly capital allocation has resulted in us returning 90.5 percent of total cash generated during the course of this year.” – Rajesh Gopinathan

A digital transition: A world that is totally determined and accelerated by artificial intelligence, machine learning, and data analytics

Energy transition: An irreversible move towards a green economy

Supply Chain transition, where the supply chain will get rebalanced for resilience

Talent transition: A diverse, inclusive global talent pool

“We have now more than 200K women employees and employees of 153 nationalities. This year TCS added more than 100K employees,” TCS CEO and MD Rajesh Gopinathan said at the AGM. He added: “We have more than 1200 customers who contribute revenue of over million dollars. Today we have 58 customers from whom we generate more than 100 million dollars in annual revenue”

We are also currently facing a number of supply chain shocks from higher oil prices, gas, and semiconductor shortages to name a few. As a result, many of the macroeconomic factors are rather looking a bit difficult: Chandrasekaran

“We are likely to face a low growth, high inflation environment globally this year. In this context, India becomes a very important market as it is likely to be the fastest-growing major economy at an estimated 7.8%,” N Chandrasekaran said.

“FY22 saw us enjoy very good deal wins with $34.6 billion of deals signed which is 1.3 times of the total revenue of the year, laying a strong foundation for the future,” TCS CEO and MD Rajesh Gopinathan said at the AGM.

At the start of this calendar year, the world economic situation looked rather very promising, with an anticipation of high growth, a high inflation environment. The conflict and the crisis that has come out of the Russia-Ukraine situation has imparted a stagflationary impulse. This is going to dent the global growth and at the same time further increase the inflation:N Chandrasekaran