NEW DELHI: India's largest software services firm Tata Consultancy Services (TCS) on Monday reported a 7.35 per cent jump in its consolidated net profit for the fourth quarter (Q4) ended March 31, 2022.
Kicking off the Q4 earnings season for financial year 2022, the company reported a net profit of Rs 9,926 crore as against a profit of Rs 9,246 crore posted in the same period last year.
In terms of quarterly results, TCS' net profit jumped by a marginal 1.6 per cent from Rs 9,769 crore in Q3.
Here are some highlights from the results:
* Highest ever incremental revenue addition
TCS posted highest ever incremental revenue of $3.53 billion in a year in FY22, the financial statements showed.
The IT major's revenue from operations jumped 15.75 per cent to Rs 50,591 crore in the said quarter as against Rs 43,705 crore posted during same period last year. The company's revenue crossed Rs 50,000 crore-mark for first time ever.
Banking and finance -- being the unit's top most revenue contributor -- witnessed 11.2 per cent jump in revenue to Rs 19,532 crore as against Rs 17,559 crore in March 2021.
Further, the board of company has recommended a final dividend of Rs 22 per share.
For the full year FY22, revenue came in at Rs 1,91,754 crore -- an increase of 16.8 per cent.
* Highest order book value
TCS posted its highest-ever order book total contract value of $11.3 billion in the quarter, the company said.
For FY22, order book was valued at $36.6 billion.
All verticals grew in the mid to high teens. Growth was led by retail and CPG (22.1 per cent),
Manufacturing vertical (+19 per cent) and communications & media (+18.7 per cent). Technology & services grew (+18 per cent)
and life sciences and healthcare grew (+16.4 per cent) while BFSI grew (+12.9 per cent).
Chief executive officer and managing director of TCS Rajesh Gopinathan said: “We are closing FY22 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.”
* Most no. of employees added
The company added highest ever 35,209 employees during January-March 2022.
With this, the total employee headcount of the company stood at 5,92,195. In fact, employees added during the year also stood at an all-time of 1,03,546.
“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 No. 1 employer of choice,” Milind Lakkad, chief HR officer at TCS said.
The workforce continues to be very diverse, comprising 153 nationalities and with women making up 35.6 per cent of the
workforce, TCS said.
However, attrition rate for the IT services major stood at 17.4 per cent in the March quarter.
Shares of TCS finished marginally higher at Rs 3,696 on the BSE, while on NSE it closed 0.36 per cent up at Rs 3,699.
