TCS’ revenue grows to Rs 50,591Cr in Q4

India’s largest IT services company Tata Consultancy Services Ltd (TCS) has reported a consolidated net profit of Rs 9,926 crore for the fourth 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, assisted by all-round growth across business verticals, stable deal wins and an increase in transformation spending by corporates.

Rajesh Gopinathan, Chief Executive Officer and Managing Director, 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.”

The company has reported earnings per equity share at Rs 26.85 in Q4 FY22, as against Rs 24.97 in the year-ago quarter. Consolidated revenue for FY22 stood at Rs 1,91,754 crore, a 17 percent rise from the revenue of Rs 164,177 crore reported for FY21.

On a full year basis, among major markets, North America grew 17.5 percent, Continental Europe grew 15.1 percent and the UK grew 14.3 percent. In emerging markets, Latin America grew 18.2 per-cent, India grew 16 percent, Middle East & Africa grew 12.9 percent while Asia Pacific grew 6.7 percent.

N Ganapathy Subramaniam, Chief Operating Officer and Executive Director, said, “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 trans-formational 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.”