Tata Consultancy Services has reported its consolidated financial results for the quarter ended December 31, 2012.
According to the latest update, TCS’s Operating Margin is at 27.3%, an expansion of 51 bps and its operating income is at Rs.4,381 crore – a growth of 13.4% y-o-y and 4.8% q-o-q. The earnings per share are at 18.15, dividend per share is at 3.
At the end of Q3, the total employee strength of the company was 263,637 with a gross addition of 17,145 employees which included 9,831 trainees and 5,072 laterals in India as well as 2,242 employees in international locations. The net addition was 9,561 employees. Attrition rate in IT services fell further to 9.8% (LTM). Overall attrition, including BPO (22.3% LTM), was 11.2% (LTM).
Commenting on the Q3 performance, Chief Executive Officer & Managing Director, N. Chandrasekaran, said, “We have had an excellent quarter of well-rounded performance and have driven a higher quality of revenue and increased profitability through focus on productivity and innovation. We had good revenue growth, balanced across service-lines, industries and geographies. Our agile, customer-centric organization is delivering an increasing number of larger and deeper client relationships.”
He further added, “We believe that clients are going to invest in making their operations ‘digital-ready’ in 2013 and drive business growth. TCS is well positioned to help our clients in this journey.”
S. Mahalingam, Chief Financial Officer & Executive Director, said, “The overall performance has been in line with what we had outlined at the beginning of the year. Our superior execution in this seasonally weak quarter has delivered productivity gains and an expanded operating margin.” He added, “Our business model of delivering growth with the desired profitability requires us to invest in the front-end and in new capabilities and we will continue to make those investments.”
TCS was ranked as the most valuable company of 2012 in the Business Today 500. It was also rated among the greenest companies worldwide by the Newsweek magazine. The company was also rated as top ICT Employer of the year in the Netherlands. TCS China was selected among “100 Best Human Resource Management (HRM) Companies” during 2012. TCS was also awarded the best employer in the IT industry in “Recognition of Grooming of Human Capital in Chile” for the year 2012 by DuocUC.
TCS’ High Performance Computing (HPC)-driven technology won the 2012 HPC Innovation Excellence Award. The company won the “Innovation Partner for Enterprise Solutions” award at EMC Momentum 2012. It was also awarded the Thomson Reuters India Innovation Awards 2012 in the Hi-Tech Corporate category. TCS won IT Services Marketing Association (ITSMA) Diamond Award. The Computer Society of India (CSI) adjudged the Ministry of External Affairs’ Passport Seva Project (PSP) as the most significant e-Governance initiative of the Government of India undertaken during 2011-12. MPOnline won the “Manthan Award” for the eGovernance project. TCS received QuEST Forum India Quality Award 2012 for the Top Software Company.
