TCS revenue up 21.7% to Rs 16,070 crore in Q3 2012-13

Infotech Lead India: Revenue of TCS grew 21.7 percent y-o-y to Rs 16,070 crore in Q3 2012-13.

Net profit in Q3 increased to Rs 3,550 crore, up 26.7 percent.

TCS CEO N Chandrasekaran

“We have had an excellent quarter of well rounded performance and have driven a higher quality of revenue and increased profitability through focus on productivity and innovation. We had good revenue growth, balanced across service-lines, industries and geographies; our agile, customer-centric organization is delivering an increasing number of larger and deeper client relationships,” said TCS CEO N Chandrasekaran.

Among mature markets, USA and UK contributed significantly.

Amongst growth markets, Latin America showed double digit growth sequentially, followed by India.

Amongst industries, growth was led by Banking, Financial Services and Insurance (BFSI), Energy & Utilities, Manufacturing & Retail & Distribution.

During Q3, TCS signed a large service management deal with global financial services major in US, as the sole provider entrusted with their entire application portfolio. TCS’ Global Network Delivery Model (GNDM) will be leveraged to deliver services seamlessly from centers in Mexico, China, Philippines and India.

TCS was engaged by a financial institution in Asia as a strategic partner for maintaining, supporting and upgrading their core systems and infrastructure.

A US-based communications company selected TCS for a multi-year back-office transaction processing deal.

A global logistics company selected TCS as its assurance service partner in a multi-year, multi-million dollar enterprise transformation initiative.

At the end of Q3, the total employee strength of the company was 263,637 with a gross addition of 17,145 employees which included 9,831 trainees & 5,072 laterals in India as well as 2,242 employees in international locations. The net addition was 9,561 employees. Attrition rate in IT Services fell further to 9.8 percent (LTM). Overall  attrition, including BPO (22.3 percent LTM), was 11.2 percent (LTM).

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