TCS strengthens global market position in FY14 and growth momentum continues

PRESS RELEASE

 

TCS strengthens global market position in FY14 and growth momentum continues

Annual Revenues at $13.4 billion up 16.2% & 17.3% in constant currency; Annual Net Income at $3.1 billion; up 22.9% Y-o-Y

Annual Highlights for 2013-14

  • $100m+ clients rise to 24 (17 in FY13)
  • Gross addition: 61,200 employees
  • Net addition: 24,268 employees
  • Total employee strength: 300,464

Highlights for 4th Quarter 2013-14

  • Revenues at $3.50 b up 1.9% Q-o-Q
  • Net income at $861 m up 2.9% Q-o-Q
  • Gross addition: 18,564 professionals
  • Net addition: 9,751 employees
  • Attrition rate: 11.3 % LTM
  • Utilization rate (excl. trainees): 83.8 %
  • Utilization rate (incl. trainees): 77.9 %

Mumbai, April 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 March 31, 2014.

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

Financial Statements

 

For more information, please contact

TCS Media Contacts

Email: | |

Phone: +91 22 6778 9999

Email:

Phone: +91 22 6778 9999