Tata Consultancy Services (TCS) reported revenue of $4.97 billion (+11.7 percent) in Q4 and $19.09 billion (+8.6 percent) in fiscal 2017-18 — fuelled by digital business.
ALSO READ: Huawei Cloud Campus webinar — join and win gifts
TCS said its digital business revenue crossed $4 billion, growing at 35 percent. TCS said 23.8 percent of total revenue came from digital, up 42.8 percent.
TCS has achieved operating income of $1.26 billion with operating margin of 25.4 percent in Q4 and operating income of $4.73 billion with operating margin of 24.8 percent fiscal 2017-18.
Rajesh Gopinathan, CEO and MD of TCS, said: “Strong demand in digital across all industry verticals and large transformational deal wins have made this one of our best fourth quarters in recent years. The strong exit allows us to start the new fiscal on a confident note.”
TCS said revenue growth was led by the Energy & Utilities vertical (+33.7 percent), Travel & Hospitality (+25.4 percent) and Life Sciences & Healthcare (+12.6 percent).
TCS achieved superb revenue growth in certain geographical locations such as Continental Europe (+19.1 percent), UK (+10.7 percent) and Asia Pacific (+8.6 percent). North America revenue of TCS grew 4.9 percent.
Internet of Things
TCS received IoT deals as well. TCS was selected by a leading Japanese automobile major to design an IoT-based supply chain solution to provide visibility for its component movements across global suppliers.
TCS also won a IoT deal from a North American agricultural products and services company to enhance security and safety of its plant operations by providing an IoT based remote monitoring solution.
TCS signed an extended multi-year IT deal with Sainsbury’s, a UK grocery retailer, to enable their strategy of differentiation and efficiency through digital transformation.
TCS has won a cognitive business deal from Bonnier AB, a Swedish media conglomerate, to digitally transform their pan-Nordics infrastructure landscape through adoption of cloud, re-designing the operating model guided by TCS’ machine-first delivery model MFDM and instituting cognitive intelligence based automation powered by ignio.
Employees
TCS had employee base of 394,998 in Q4 fiscal 2018. TCS trained 247,000 employees on digital technologies, and 208,000 on Agile methodologies.
These investments in training, in collaborative workplaces and progressive HR policies have resulted in best in class employee retention rates. The IT Services attrition rate (LTM) fell by 0.1 percent in Q4 to 11 percent, while the total attrition rate (including BPS) fell to 11.8 percent. The percentage of women in TCS rose to 35.3 percent in Q4.
