TCS Q4 revenue increases 9.4% to Rs 43,705 crore

Tata Consultancy Services (TCS) reported its financial results for the quarter ending March 31, 2021.
TCS Netherlands
Q4 Revenue Rs 43,705 crore, +4 percent QoQ, +9.4 percent

Q4 Operating Margin: 26.8 percent, +0.2 percent QoQ, +1.7 percent YoY

Q4 Order Book: $9.2 billion

FY 21 Revenue Rs 164,177 crore, +4.6 percent

FY 21 Operating Margin: 25.9 percent, +1.3 percent; Net Margin: 20.3 percent

FY 21 Order Book: $31.6 billion +17.1 percent

Q4 Segment Highlights

Industries:  All verticals showed good sequential growth, but a couple continue to lag prior year level – BFSI (+7 percent QoQ, +13.3 percent YoY), Retail and CPG (+4 percent QoQ, -0.9 percent YoY), Life Sciences and Healthcare (+3.8 percent QoQ, +19.3 percent YoY), Manufacturing (+3.9 percent QoQ, +1.3 percent YoY), Technology & Services (+2.8 percent QoQ, +3.9 percent YoY) and Communications & Media (+1.8 percent QoQ, -4 percent YoY). On a full year basis, Life Sciences and Healthcare (+17.1 percent), BFSI (+2.4 percent) and Technology & Services (+0.2 percent) showed growth while the rest continue to be below prior year levels.

Markets: Growth was led bymajor markets – Continental Europe (+8.5 percentQoQ, +11.7 percent YoY), North America (+3.9 percentQoQ, +5.9 percent YoY), and UK (+3.4 percentQoQ, +1 percent YoY). Other markets grew well: Middle East & Africa (+4.2 percentQoQ, +10.6 percent YoY), India (+2.8 percentQoQ, +11.2 percent YoY), Latin America (+2.5 percentQoQ, +1.5 percent YoY), and Asia Pacific (+1 percentQoQ, +1.5 percent YoY).

In Q4, TCS add 19,388 employees to its rolls on a net basis, its highest ever net addition in a quarter. The total headcount stood at 488,649, a net addition of 40,185 during the year.The workforce continues to be young and very diverse, comprising 154 nationalities and with women making up 36.5 percent of the workforce.

TCS’ organic talent development initiatives continued to deliver industry-leading outcomes. Employees logged 43 million learning hours in FY 2021, resulting in over 379,000 employees getting trained on multiple new technologies, and over 457,000 trained on Agile methods. The company continues to be the employer of choice, with industry-leading talent retention. IT Services attrition rate (LTM) was at 7.2 percent.

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