Stellar Q3 helps TCS hit $25bln in annual revenue

Stellar Q3 helps TCS hit $25bln in annual revenue

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Middle East
  • Date: 14-Jan-2022
  • Source: Zawya
  • Sector: Economy
  • Country: Middle East
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Stellar Q3 helps TCS hit $25bln in annual revenue

All Industry Verticals Grow Mid- to High Teens North America Continues to Lead, +18% YoY CC Client Metrics Shine: 10 new clients in $100 Mn+ bucket (Total: 58); 21 new clients in $50 Mn+ bucket (Total: 118) Women in the Workforce Cross the 200,000 Mark; +68% Growth in Number of Senior Women Executives during 2016-21 Board Announces Buyback Valued at `18,000 Cr at ` 4,500 per Share Tata Consultancy Services (BSE: 532540, NSE: TCS) reported its consolidated financial results according to Ind AS and IFRS, for the quarter ending December 31, 2021. Highlights of the Quarter Ended December 31, 2021 Revenue at $6.524 billion, +4% YoY; +15.4% CC YoY Industry-Leading Operating Margin at 25%; -1.6% YoY Net Income at $1.303 billion, +10.5% YoY | Net Margin at 20% Strong Client Addition: 10 New $100Mn+ Clients (total: 58); 21 new $50Mn+ clients (total: 118) Net Cash from Operations at 1% of Net Income Net headcount addition of 28,238 |Workforce strength: 556,986 Diverse and Inclusive: Women Employees Exceed 200,000; +68% growth in number of senior women executives during 2016-21 | 156 Nationalities in the workforce Building a G&T workforce: 100K+ market relevant skills gained in Q3 | 38K+ Contextual Masters identified LTM

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