PRESS RELEASE

 

TCS maintains momentum and delivers steady performance in Q3

Revenues at $3.44 billion; up 17% Y-o-Y

  • International revenues grow 3.8% in dollar terms sequentially
  • Hiring Target for FY14 increased further to 55,000 from 50,000
  • Net Income at $ 858 million up 31.7% Y-o-Y

Financial Highlights for Quarter Ended December 31, 2013

Operating Profit at $1,023 million up 27.3 % Y-o-Y

Business Highlights for Quarter Ended December 31, 2013

  • Gross employee addition: 14,663
  • Total headcount: 290,713
  • Utilization: 84.3% (excluding trainees) & 77.5% (including trainees)
  • Number of $50m+ clients increases by 2; Number of $20m+ clients increases by 4

Mumbai, January 16, 2014: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions firm reported its consolidated financial results according to IFRS US dollars for the quarter ended December 31, 2013.

The full text of the press release can be found below:

Financial Statements

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