Tata Consultancy Services (TCS) has revealed its recent technology deals and shared more details on its revenue growth during July-September 2021.
Revenue of TCS rose 16.8 percent to $6.333 billion in the second fiscal quarter ended September 30, 2021.
TCS achieved operating margin of 25.6 percent and net margin of 20.5 percent. Net income of TCS reached $1.301 billion, registering growth of 14 percent.
TCS said it added 5 new clients with deal size of $100 million and 17 new clients with deal size of $50 million.
TCS added 19,690 employees during the quarter and the total number of employees reached 528,748 in September 2021. Women representation in the workforce is 36.2 percent.
TCS CEO Rajesh Gopinathan 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.”
Q2 Segment Highlights
All verticals showed strong, double-digit YoY growth. Growth was led by the Manufacturing vertical (+21.7 percent), followed by Life Sciences and Healthcare (+19 percent), Retail and CPG (+18.4 percent) and BFSI (+17 percent). Communications & Media (+15.6 percent) and Technology & Services (+14.8 percent) witnessed accelerated growth.
All major markets showed strong growth, with growth led by North America (+17.4 percent). UK grew (+15.6 percent), and Continental Europe grew (+13.5 percent). Among emerging markets, growth was led by India (+20.1 percent), followed by Latin America (+15.2 percent), Middle East & Africa (+13.8 percent) and Asia Pacific (+7.6 percent).