Introduction

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 55 years. Its consulting-led, cognitive powered, portfolio of business, technology and engineering services and solutions is delivered through its unique Location Independent Agile™ delivery model, recognized as a benchmark of excellence in software development. A part of the Tata group, India’s largest multinational business group, TCS has over 614,000 of the world’s besttrained consultants in 55 countries. The company generated consolidated revenues of US $27.9 billion in the fiscal year ended March 31, 2023, and is listed on the BSE and the NSE in India. TCS’ proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com

Driving Growth and Innovation: A Comprehensive Look at Recent Achievements

Revenue Performance

In the fiscal report ending Q3 of this year, the revenue highlights shine with an INR Revenue of ₹ 612,370 Mn, marking a noteworthy 3.5% Year-over-Year (YoY) increase. Simultaneously, the USD Revenue surged to $ 7,363 Mn, up by 2.3% YoY. When considering constant currency metrics, the revenue displayed a commendable 2.2% YoY growth trajectory.

Profit Metrics

Delving into the profit metrics, the Operating Margin stands robust at 26.0%, showcasing operational efficiency and strategic financial management. Similarly, the Net Margin reflects a healthy 20.3%, underlining sustained profitability. Moreover, the Cash flow from operations demonstrated exceptional performance, reaching an impressive 100.4% of net profit.

Demand Trends

The demand landscape exhibits enctheaging figures with significant growth across client categories. Clients with a budget exceeding $100M witnessed a 2-unit increase, while those in the $50M+ bracket surged by 6 units. Notably, clients in the $10M+ and $1M+ categories showed substantial growth, with 26 and 53 units up YoY, respectively. These numbers affirm the client-centric approach and the value across diverse business scales.

Growth by Domain

Growth by Market

People and Operational Insights

Despite a challenging macro environment, the people metrics remain robust. the closing headcount stands strong at 601,546, a testament to the commitment to talent acquisition and retention. Furthermore, the Last Twelve Months (LTM) attrition rate in IT Services was recorded at a competitive 12.5%, showcasing the focus on fostering a fulfilling work environment.

Driving Growth through Strategic Partnerships

In the realm of strategic partnerships, we've made significant strides that reinforce the commitment to driving growth and innovation:

1. Ramboll Partnership: A strategic collaboration with Ramboll, a global architecture, engineering, and consultancy company, underscores the expertise in managing cloud infrastructure, application development, Cyber Security, and Digital Workplace, paving the way for enhanced scalability and sustainability.

2. Aviva Expansion: the extended partnership with Aviva, a leading UK-based Insurance and Wealth provider, showcases the prowess in leveraging technology platforms like TCS BaNCS to transform business operations, enhancing customer experience, and managing over 5.5 million policies efficiently.

3. Euroclear Finland Integration: By facilitating Euroclear Finland's integration with the European Central Bank's TARGET2-Securities platform, we've enabled smoother cross-border settlements, fostering increased investment opportunities.

4. Central Bank Modernization: the collaboration with Central Bank to modernize core technology infrastructure emphasizes the role in driving innovation, customer-centricity, and operational excellence within the banking sector.

5. Nuuday Cloud Transformation: Through a strategic partnership with Nuuday, Denmark's leading digital connectivity provider, we're driving a complex cloud transformation jtheney, ensuring agility, scalability, and future-ready digital capabilities.

Peer Comparison

Conclusion

These achievements underscore the commitment to driving growth, innovation, and client value. As we navigate dynamic market landscapes, the focus remains on delivering transformative solutions, fostering strategic partnerships, and empowering the workforce to thrive in a rapidly evolving digital ecosystem.