TCS - Highlights of Q2FY22 Financial Results

Tata Consultancy Services (BSE: 532540, NSE: TCS), the leading global IT services, consulting and business solutions organization, reported its consolidated financial results according to Ind AS and IFRS, for the quarter ending September 30, 2021.

Highlights of the Quarter Ended September 30, 2021

• Revenue at ₹ 46,867 crore, +16.8% YoY; +15.5% CC YoY
• Operating Margin at 25.6%; +0.1% QoQ, -0.6% YoY
• Net Income at ₹ 9,624 crore, +14.1% YoY | Net Margin at 20.5%
• Strong Client Addition: 5 New Clients (total: 54) in $100Mn+; 17 new clients (total: 114) in $50Mn+
• Net Cash from Operations at ₹ 9,945 crore ie 103.3% of Net Income
• Net headcount addition of 19,690 |Workforce strength: 528,748
• Diverse and inclusive: Women in the workforce: 36.2% | 157 Nationalities
• Building a G&T workforce: 417K+ employees trained in new technologies | 26K+ Contextual Masters identified | 6,900+ Elevate graduates
• Best in class talent retention: LTM IT Services attrition rate at 11.9%; lowest in the industry
• Dividend per share: ₹ 7.00 | Record date 19/10/2021 | Payment date 03/11/2021

Rajesh Gopinathan, Chief Executive Officer and Managing Director, said: "The strong and sustained demand environment is a once-in-a-decade opportunity to position ourselves as the preferred growth and transformation partner for our customers. We are using the growth tailwind to invest in strengthening relevant capabilities and building out a comprehensive portfolio of offerings that caters to a broader set of stakeholders in the enterprise across business cycles, strengthening our brand, and making our business more resilient. We believe this isthe most sustainable pathway to create longer term value for all our stakeholders."

N Ganapathy Subramaniam, Chief Operating Officer & Executive Director, said: "We are pleased with our overall delivery performance during the quarter, where several large complex programs across verticals went live, thanks to the passion, energy, and commitment of our people. These include programs such as contactless payments, card-less withdrawal of cash from ATMs for leading banks, space-range-display transformation for retailers, one of the largest application transformationsto public cloud native architecture, all leveraging our automation led G+T framework, agile methods and toolkit. Our products and platforms, TCS BaNCS®, Quartz SmartLedgers™, TwinX™ and TCS Cognix™, all had marquee wins during the quarter and are increasingly driving business and operating model transformations in many markets."

Samir Seksaria, Chief Financial Officer, said: "Strong growth and disciplined execution helped us overcome headwinds from currency and supply-side inflation and deliver expanded margins. Our industry-leading profitability and strong cash conversion give us the wherewithal to make the right investments needed to build out the business of the future."

Shares of Tata Consultancy Services Limited was last trading in BSE at Rs. 3935.30 as compared to the previous close of Rs. 3892.60. The total number of shares traded during the day was 97634 in over 9288 trades.

The stock hit an intraday high of Rs. 3990.00 and intraday low of 3898.95. The net turnover during the day was Rs. 385471417.00.

Source : Equity Bulls

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TataConsultancyServices INE467B01029 TCS Highlights Q2FY22 H1FY22 @TCS