TCS crosses $10 b on strong growth momentum in 2011-12

PRESS RELEASE

 

TCS crosses $10 b on strong growth momentum in 2011-12

  • Annual revenues up 24% at $10.17 b
  • Annual net income at $2.2 b; Up 16% Y-o-Y

Annual Highlights for 2011-12

Highlights for Q4 2011-12
  • Infrastructure Services, Enterprise Solutions, BPO Services cross $1 billion in revenues
  • $100m+ clients rise to 14 (8 in FY11)
  • All-time high gross addition: 70,400 employees
  • All time high net addition: 39,969 employees
  • Total employee strength: 238,583

 
  • Q4 revenues at $2.64 billion up 2.4%
  • Net income at $585 m up 3.0%
  • Gross addition: 19,156 professionals
  • Net addition: 11,832 employees
  • Attrition rate: 12.2% LTM
  • Utilization rate (excl trainees): 80.6%
  • Utilization rate (incl trainees): 71.3%

Mumbai, April 23, 2012: 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 for the quarter and financial year ended March 31, 2012.

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

Financial Statements

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