#TCSQ4 FY24 in 100 seconds
TCS wrapped up the last quarter of financial year 2024 with the strongest sequential revenue growth in many quarters, an all-time high TCV and an operating margin of 26% for the quarter, highest in the last 12 quarters
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Q4 FY23-24
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TCS rounds off FY24 with increased momentum for AI, record-high deal wins.
Tata Consultancy Services announced the results of the fourth quarter of the financial year 2024. With record-breaking deal wins of $13.2 billion in Q4 FY24, TCS ended the financial year on a high note. Here are the key takeaways from the Q4FY24 results.
Tata Consultancy Services announced the results of the fourth quarter of the financial year 2024. With record-breaking deal wins of $13.2 billion in Q4 FY24, TCS ended the financial year on a high note. Here are the key takeaways from the Q4FY24 results.
1. Record orderbook.
TCS’ orderbook for Q4 totalled $13.2 billion in Q4 FY24, contributing to a record-breaking Total Contract Value (TCV) of $42.7 billion for the fiscal year. "We are pleased to close Q4 and FY24 with the highest-ever order book," said K Krithivasan, Chief Executive Officer and Managing Director, TCS. "In an environment of global macro uncertainty, we are staying close to our customers and helping them execute on their core priorities."
2. GenAI is all the buzz.
Following the launch of the AI.Cloud business unit, TCS has seen increased traction in the marketplace with 200 AI engagements so far this year. “The number of engagements going into production is steadily increasing. Our AI and GenAI pipeline has doubled in the quarter to $900mn,” said Krithivasan.
3. India leads growth.
In constant currency terms, TCS achieved revenue growth of 2.2% in the March quarter. Growth was spearheaded by the India business, which saw a significant surge of 37.9%, followed by the UK at 6.2%.
4. Outperformers get double-digit hikes, attrition trends down.
Ahead of the annual appraisal season, TCS announced that it will be dolling out increments to all TCS employees around the world. Employees will receive an average increment of between 4%-7.5%. High performers enjoyed double-digit salary hikes. Attrition continues to trend down at 12.5%.
"The reduced attrition at 12.5%, the enthusiastic response to our campus hiring, increased customer visits and employees returning to the office have resulted in great vibrancy in our delivery centers and elevated morale of our associates,” said Milind Lakkad, Chief Human Resource Officer.
5. Shareholders' delight
In a commitment to giving back to its shareholders, TCS announced a final dividend of Rs 28 per equity share of face value of Re 1 for the financial year ending March 31, 2024.
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FY23-24 in numbers
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Record deal wins and a robust margin
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Key Geographies
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Q4 in numbers
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Highest Total Contract Value
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Key Verticals
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Key Geographies
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