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TCS Worldwide
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  • Overview Press tab for submenu items

    TCS is here to make a difference through technology.

    Leading the way in innovation for over 55 years, we build greater futures for businesses across multiple industries and 55 countries.

    Discover all solutions
  • Industries
    • Banking
    • Capital Markets
    • Consumer Packaged Goods and Distribution
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    • TCS ERP on Cloud
    • ignio™
    • TCS iON™
    • TCS HOBS™
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    • Quartz™ – The Smart Ledgers™
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    • Jile™
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    • Overview Press tab for submenu items

      We deliver excellence and create value for customers and communities.

      Our expert, committed team put our shared values into action – every day. With the best talent and the latest technology we help customers turn complexity into opportunities and create meaningful change.

      Discover the difference
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      Want to be a global change-maker? Join our team.

      At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.

      Join us
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      Recent Press releases

      05 May 2025 Jazeera Airways Partners with Tata Consultancy Services to Power AI-led Transformation, Reimagine Digital Customer Experience
      02 May 2025 IBM, Tata Consultancy Services and Government of Andhra Pradesh to Deploy India’s Largest Quantum Computer in the Country’s First Quantum Valley Tech Park
      30 Apr 2025 TCS Collaborates with SAP to Enable Enterprise-wide GenAI and Cloud Adoption For its Customer
      View all
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      02 May 2025 TCS Ranked Denmark’s #1 IT Service Provider for Customer Satisfaction in 2025
      23 Apr 2025 TCS Partners with Google Cloud on Agent-to-Agent Interoperability Protocol to Drive Future-Ready Enterprises
      11 Apr 2025 TCS Partners with Google Cloud to Accelerate AI-led Transformation in the Retail Sector
      View all
    • Analyst recognition

      Recent recognitions

      22 Apr 2025 TCS Ranked #6 Amongst Banking Technology Providers and Recognized as a Regional Leader across all Geographies by Everest Group
      17 Apr 2025 TCS BaNCS Named a Leader Among Wealth Management Products by Everest Group
      01 Apr 2025 TCS Positioned as a Leader in Worldwide Discrete Manufacturing Product Lifecycle Management Strategic Consulting Services and Systems Integration by IDC MarketScape
      View all
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      04 Jun 2025 Veeva R&D and Quality Summit: Developing Better Health Outcomes
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    What we do
    • Overview Press tab for submenu items

      TCS is here to make a difference through technology.

      Leading the way in innovation for over 55 years, we build greater futures for businesses across multiple industries and 55 countries.

      Discover all solutions
    • Industries
      • Banking
      • Capital Markets
      • Consumer Packaged Goods and Distribution
      • Communications, Media, and Information Services
      • Education
      • Energy, Resources, and Utilities
      • Healthcare
      • High Tech
      • Insurance
      • Life Sciences
      • Manufacturing
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      • Retail
      • Travel and Logistics
    • Services
      • Artificial Intelligence
      • Cloud
      • Cognitive Business Operations
      • Consulting
      • Cybersecurity
      • Data and Analytics
      • Enterprise Solutions
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      • Network Solutions and Services
      • TCS Interactive
      • Sustainability Services
    • Products and Platforms
      • TCS ADD™
      • TCS BANCS™
      • TCS BFSI Platforms
      • TCS CHROMA™
      • TCS Customer Intelligence & Insights™
      • TCS ERP on Cloud
      • ignio™
      • TCS iON™
      • TCS HOBS™
      • TCS Intelligent Urban Exchange™
      • TCS OmniStore™
      • TCS Optumera™
      • TCS Tap™
      • Quartz™ – The Smart Ledgers™
      • TCS TwinX™
      • TCS MasterCraft™
      • Jile™
      • TCS DigiBOLT™
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    • ignio™
    • TCS iON™
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  • Who we are
    • Overview Press tab for submenu items

      We deliver excellence and create value for customers and communities.

      Our expert, committed team put our shared values into action – every day. With the best talent and the latest technology we help customers turn complexity into opportunities and create meaningful change.

      Discover the difference
    • About Us
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      Want to be a global change-maker? Join our team.

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      Join us
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    • Overview Press tab for submenu items

      Find the latest news about TCS in our Newsroom

      Get access to a catalog of the latest news stories from across TCS. Discover our press releases, reports, and company announcements.

      Discover more
    • Press releases

      Recent Press releases

      05 May 2025 Jazeera Airways Partners with Tata Consultancy Services to Power AI-led Transformation, Reimagine Digital Customer Experience
      02 May 2025 IBM, Tata Consultancy Services and Government of Andhra Pradesh to Deploy India’s Largest Quantum Computer in the Country’s First Quantum Valley Tech Park
      30 Apr 2025 TCS Collaborates with SAP to Enable Enterprise-wide GenAI and Cloud Adoption For its Customer
      View all
    • News alerts

      Recent News

      02 May 2025 TCS Ranked Denmark’s #1 IT Service Provider for Customer Satisfaction in 2025
      23 Apr 2025 TCS Partners with Google Cloud on Agent-to-Agent Interoperability Protocol to Drive Future-Ready Enterprises
      11 Apr 2025 TCS Partners with Google Cloud to Accelerate AI-led Transformation in the Retail Sector
      View all
    • Analyst recognition

      Recent recognitions

      22 Apr 2025 TCS Ranked #6 Amongst Banking Technology Providers and Recognized as a Regional Leader across all Geographies by Everest Group
      17 Apr 2025 TCS BaNCS Named a Leader Among Wealth Management Products by Everest Group
      01 Apr 2025 TCS Positioned as a Leader in Worldwide Discrete Manufacturing Product Lifecycle Management Strategic Consulting Services and Systems Integration by IDC MarketScape
      View all
    • Events

      Upcoming events

      11 Jun 2025 TCS and PTC Present the North America Leadership Forum 2025
      04 Jun 2025 Veeva R&D and Quality Summit: Developing Better Health Outcomes
      19 May 2025 TCS at Sapphire 2025
      View all
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      TCS works hand in hand with world-leading investors.

      Tata Consultancy Services Limited
      NSE:TCS
      INR
      Discover more FY24-25 debrief
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    TCS Worldwide
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    Strong Q1 performance signals fast start to FY 2014-15

    Revenue at $3.69 billion up 16.7 % Y-o-Y

    • Q-o-Q revenue growth of 5.5% - highest in 12 quarters
    • $191 million incremental revenue growth - highest in 15 quarters
    • Robust volume growth at 5.7% 
    • Net income* at $845 million up 20.5 % Y-o-Y 
    • Special dividend of `40 per share on occasion of 10th anniversary of IPO

    MUMBAI, July 17, 2014: Tata Consultancy Services (BSE: 532540, NSE: TCS), the leading IT services, consulting and business solutions firm reported its consolidated financial results according to IFRS for the quarter ended June 30, 2014.

    Financial Highlights for Quarter Ended June 30, 2014

    • Operating income* at $972 million; Growth of 13.5 % Y-o-Y and (4.8%) Q-o-Q
    • Operating margin at 26.3 %
    • Earnings per share at $0.43

    Business Highlights for Quarter Ended June 30, 2014

    • Gross addition 15,817 employees & net additions 4,967 employees
    • All time high utilization rates at 85.3% (excluding trainees)
    • Five new $50+ million clients added

    Commenting on the Q1 performance, Chief Executive Officer and Managing Director, N Chandrasekaran said: “Robust volumes and healthy growth across all industries and key markets helped TCS start the new financial year on a strong note as our broad-based business portfolio continues to deliver results. We have a strong demand pipeline in place and our customer-centric mindset, leadership in the ‘Digital’ space and strong execution capabilities will help us to sustain our momentum.”

    Chandrasekaran added: “On the occasion of the 10th anniversary of TCS’ IPO, the board of directors has announced a special dividend of Rs 40 per share.”

    Rajesh Gopinathan, Chief Financial Officer, said: “Our disciplined stance in operations helped us mitigate the impact of multiple headwinds like currency movements, accelerated depreciation norms and wage hikes during the quarter. Looking ahead, we will continue to maintain our operating margins in our desired band by operating efficiently.” 

    During Q1, TCS posted the highest incremental revenue of $191 million in the last 15 quarters driven by holistic growth across markets led by North America. Asia-Pacific, India, United Kingdom, Europe all continued to grow. 

    Growth was seen across all industry segments led by Media & Information Services, Life Sciences, Retail, Telecom with all non-BFS verticals growing in excess of five percent sequentially.

    Select Key Wins

    • Awarded multi-year, multi-million dollar end-to-end IT infrastructure outsourcing deal from a North American global pharmaceutical and medical devices company 
    • Selected by a leading Nordic Operator as its partner to modernize and simplify fixed network operations in a multi-year contract 
    • Chosen as preferred partner by a large Australian Bank for providing IT services for its private banking, wealth management, insurance and superannuation lines of businesses
    • Selected by a leading North American specialty retailer as a Strategic Preferred Partner for global technology transformation
    • Won a multi-million euro, multi-year engagement to provide Infrastructure Services to a leading fashion apparel retailer in Europe
    • Selected by a North American insurance company for a multi-million dollar, multi-year engagement to support and enhance their core IT applications
    • Awarded a multi-year, multi-million dollar deal for end-to-end managed infrastructure services from a global semiconductor company
    • Won an engagement to define strategic roadmap and provide consulting services on operating model for campaign management for a major Australian superannuation service provider

    Key Wins in Digital:

    • Won an engagement with an American healthcare and insurance company to build big data platform for enabling 360 degree customer view 
    • Selected by a large North American food retail chain to develop digital applications that provide ‘on the go’ analytics and enable quicker decision making for store managers
    • Chosen by a leading global insurance major to develop customer centric sales applications using digital technologies
    • Selected by an Asian telecom company to define its big data strategy and roadmap
    • Engaged by a North American bank for building its enterprise compliance data store using Big Data technologies 
    • Selected by a global North American telecom company to revamp user experience for its sales field application 
    • Selected by a leading  telecom provider in UK to design and develop a POS application to enable customer journey through multiple digital touch points 

    Innovation and Intellectual Property:
    As of June 30, 2014, the company has applied for 1804 patents including 58 applied during the quarter. Till date, the company has been granted 129 patents.

    Human Resources: Gross Additions 15,817 & Net Additions 4,967
    The company continued to drive employee productivity to support business growth. The total employee strength at the end of Q1 was 305,431 on a consolidated basis. The utilization rate (excluding trainees) was at an all-time high of 85.3% and that including trainees was 79.8%. The attrition rate (LTM) was seasonally higher at 12.0% including BPS.

    “Our focus on productivity continues to yield results with utilization rates at an all-time high of over 85 per cent. We have already started on-boarding the campus trainees this year with 2,500 joining in June,” said Ajoy Mukherjee, Executive Vice President and Global Head, Human Resources.

    Awards and Recognition:

    Business Leadership:

    • Golden Peacock National Training Award 2014
    • Best Corporate Sustainability Strategy award at the HR Excellence Awards 2014 in UK & Ireland
    • Outsourcing Services Award for Excellence from Data News in Belgium

    Partner:

    • Innovation Award partner from Informatica in Test Data Management
    • Run SAP Partner of the Year and Customers’ Choice Award from SAP Pinnacle
    • Best Service Support 2014 Award from Renault-Nissan 

    Sustainability:

    • Gold  Stevie award for Corporate Social Responsibility Program of the Year and Silver Stevie for HR department of the year at the 2014 American Business Awards
    • Earth Care Award 2014 from JSW-Times of India
    • 2014 Community Corps Corporate Champion for deep commitment to enhancing quality of STEM Education – Lumity Awards

    * Expenses include an additional one time charge of $29 million in depreciation on account of change in useful life of assets as at April 1, 2014.

    Unaudited Condensed Consolidated Statements of Comprehensive Income
    For the three-month periods ended June 30, 2013, March 31, 2014 and June 30, 2014
    (In millions of USD, except per share data)

     

    Three-month period ended June 30, 2013

    Three-month period ended March 31, 2014

    Three-month period ended June 30, 2014

     Revenue

    3,165

    3,503

    3,694

     Cost of revenue

    1,701

    1,863

    2,045

     Gross margin

    1,464

    1,640

    1,649

     SG & A expenses

    608

    619

    677

     Operating income

    856

    1,021

    972

     Other income (expense), net

    78

    114

    136

     Income before income taxes

    934

    1,135

    1,108

     Income taxes

    217

    265

    256

     Income after income taxes

    717

    870

    852

     Minority interest

    16

    9

    7

     Net income

    701

    861

    845

     Earnings per share in USD

    0.36

    0.44

    0.43

    Unaudited Condensed Consolidated Statements of Financial Position
    As of March 31, 2014 and June 30, 2014
    (In millions of USD)

     

    As of March 31, 2014

    As of June 30, 2014

    Assets

       Property and equipment

    1,726

    1,754

       Intangible assets and Goodwill

    692

    692

       Accounts Receivable

    3,035

    3,186

       Unbilled Revenues

    667

    715

       Investments

    576

    1,444

       Cash and Cash equivalents

    245

    345

       Other current assets

    3,012

    3,085

       Other non current assets

    1,520

    1,210

       Total Assets

    11,473

    12,431

    Liabilities and Shareholders' Equity

       Shareholders' Funds

    9,213

    9,282

       Long term borrowings

    21

    20

       Short term borrowings

    28

    14

       Other current liabilities

    1,816

    2,725

       Other non-current liabilities

    280

    275

       Minority Interest

    115

    115

     Total Liabilities

    11,473

    12,431

    About Tata Consultancy Services Ltd. (TCS)

    Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS,infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognised as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 300,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $13.4 billion for year ended March 31, 2014 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.

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    For more information, please contact

    Media
    Email: Pradipta.bagchi@tcs.coml ashish.babu@tcs.com| shamala.p@tcs.com |h.ramachandra@tcs.com
    Phone: +91 22 6778 9999

    Investor Relations
    Email: Kedar.shirali@tcs.com
    Phone: +91 22 6778 9999

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