Indian IT services firm Tata Consultancy Services (TCS) has reported its financial results for the quarter ended September 30, 2022.
Revenue at $6,877 million, +8.6 percent YoY | Constant Currency growth: +15.4 percent YoY
Order Book at $8.1 billion | Book to Bill at 1.2
Operating Margin at 24 percent; contraction of 1.6 percent YoY
Net Income at $1,298 million, flat YoY | Net Margin at 18.9 percent
Net Cash from Operations at $1,327 million ie 102.3 percent of Net Income
Net headcount addition of 9,840 |Workforce strength: 616,171
Diverse and inclusive workplace: Women in the workforce: 35.7 percent | 157 Nationalities
Building a G&T workforce: 11.7 million learning hours clocked | 1.5 million competencies acquired
LTM IT Services attrition rate at 21.5 percent
Q2 Segment Highlights
TCS said growth was led by Retail and CPG (22.9 percent), Communications & Media (+18.7 percent), and Technology & Services (+15.9 percent). Manufacturing as well as Life Sciences & Healthcare verticals grew +14.5 percent, while BFSI grew +13.1 percent.
Among major markets, North America led with +17.6 percent growth; Continental Europe grew +14.1 percent and UK grew +14.8 percent. In emerging markets, India grew +16.7 percent, Latin America grew +19 percent, Middle East & Africa grew +8.2 percent and Asia Pacific grew +7 percent.