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    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
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      We deliver excellence and create value for customers and communities.

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      15 May 2025 TCS Recognized as One of the World’s Top 50 Brands by Kantar BrandZ; Brand Value Soars 28% YoY to $57.3Bn
      14 May 2025 TCS Partners with Khan Bank to Future-Proof its Operations, Enhance Customer Experience and Propel Innovation leveraging AI and ML
      12 May 2025 TCS Partners with Dhofar Insurance Company to Transform its Core Insurance Platform
      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
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      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
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      • Consumer Packaged Goods and Distribution
      • Communications, Media, and Information Services
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      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.

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    • Press releases

      Recent Press releases

      15 May 2025 TCS Recognized as One of the World’s Top 50 Brands by Kantar BrandZ; Brand Value Soars 28% YoY to $57.3Bn
      14 May 2025 TCS Partners with Khan Bank to Future-Proof its Operations, Enhance Customer Experience and Propel Innovation leveraging AI and ML
      12 May 2025 TCS Partners with Dhofar Insurance Company to Transform its Core Insurance Platform
      View all
    • News alerts

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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
    • 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
      02 Jun 2025 Siemens Realize LIVE: Discussing Technology and Digital Transformation
      View all
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      Tata Consultancy Services Limited
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    • PRESS RELEASE

    Volumes, Digital drive broad-based growth in Q2

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    Volumes, Digital drive broad-based growth in Q2

    Revenue at $4.16 billion up 3% Q-o-Q, up 5.8% Y-o-Y

    • Net Income at $926 million up 3.2% Q-o-Q; up 6.2% Y-o-Y
    • Revenue growth in Constant Currency: 3.9% Q-o-Q
    • Robust Volume growth of 4.9%

    MUMBAI, October 13, 2015: 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 September 30, 2015.

    Financial Highlights for Quarter Ended September 30, 2015

    • Operating Profit at $1,125 million; Growth of 6.0% Q-o-Q and 6.7% Y-o-Y
    • Earnings Per Share at $0.47

    Business Highlights for Quarter Ended September 30, 2015

    • Gross employee addition: 25,186
    • Total headcount: 335,620
    • Utilization: 86% (excluding trainees) & 82.3% (including trainees)
    • $100M+ Customers up by 3; $10M+ customers up by 6

    Commenting on the Q2 performance, N Chandrasekaran, Chief Executive Officer and Managing Director, TCS, said,“We have delivered accelerated growth in constant currency terms for Q2. Driven by great execution on the ground, our broad-based performance has been led by strong sequential growth in BFS, Retail and Life Sciences verticals with UK and North America leading the markets.”

    Chandrasekaran added, “We remain focused on partnering with clients in multiple business dimensions to help them strategize and execute their Digital roadmaps. Given the growing market adoption of Digital, we continue to take new IP-led products and platforms to market successfully as well as invest in training our talent. Over 30,000 TCSers have already successfully trained in new technologies this year using our experiential Digital Learning Platform.”

    Rajesh Gopinathan, Chief Financial Officer, TCS, said, “In a dynamic external environment, we continue to manage our operations with discipline and agility to ensure that we can support business growth. Our focus on profitability have increased our margins sequentially and generated strong cash flows while investing for future growth.”

    Growth was broad-based in Q2 with all industries growing on a sequential basis led by BFS, Retail, Life Sciences and Travel & Hospitality. Core markets like UK, North America and Europe grew smartly along with emerging markets like Latin America, India and MEA. There was balanced growth across service lines led by Asset Leveraged Solutions.

    Select Key Wins

    • Selected as Strategic Partner by a large mutual life-insurance company to manage IT Application Portfolio for driving efficiency, simplification and automation leveraging TCS Integrated Service Delivery Model and GNDM
    • Expanded relationship with a leading retailer in North America through a multi-year managed services deal covering enterprise wide Application Management, Infrastructure Support and Assurance services
    • Selected by a large universal bank in UK as a strategic partner for providing services across Application Development, Production Support and Service Delivery for a major transformation program
    • Selected by leading integrated Utility in North America as their strategic partner to manage and transform their IT Infrastructure operations
    • Chosen by North American Telco service provider as strategic partner to transform its Quality Assurance and Testing organization
    • Selected by global Life Sciences Diagnostics company for next phase of its SAP transformation program
    • Selected as strategic partner by European Industrial Manufacturing company for Infrastructure services
    • Selected as a strategic partner by a leading global manufacturer of protective and specialty packaging to manage and transform its Finance, HR and Procurement functions
    • Selected by a leading technology company to provide end to end lab management services for all of their global product labs
    • Selected by a leading Aircraft manufacturer for implementing a Data Lake for consolidation of all financial data across disparate IT systems & P&Ls for analytics and business insights
    • Selected by a leading Aircraft manufacturer to develop IOT applications in the area of Contractual Services agreements
    • TCS’ TAP, the Accounts Payable Platform, was selected by a leading global media research firm to transform their Finance and Accounting Function to become leaner and more agile by improving efficiency of their Invoice to Payment Cycle
    • Selected by a leading APAC publisher to complete transformation of its finance operations using TCS’ TAP platform

    Key Wins in Digital Services and Solutions

    • Chosen by a global bank to create its strategy and technology roadmap for its advanced analytic needs using big data technologies
    • Selected by an APAC bank to provide consulting services to develop architecture and roadmap for a Hadoop based Data Lake
    • Selected by an European retail conglomerate to implement its product information management program using big data technologies
    • Selected by a European utilities company for analytics and insights
    • Engaged by a leading Middle East bank for a consulting engagement to develop social media roadmap for its customer experience program
    • Chosen by a leading North American bank to implement a social collaboration platform
    • Engaged by a UK utilities company to provide consulting services to develop cloud based enterprise data integration platform
    • Selected by a leading UK based insurance company as a strategic partner for digital transformation
    • Chosen by a European bank as a strategic partner to develop a digital banking platform for its next generation customer experience program
    • Chosen by a European bank to envisage and enhance its customer facing online channel

    IgnioTM
    IgnioTM is TCS’ neural automation platform that helps enterprises reimagine their technology and business operations. With its unique value proposition, IgnioTM is receiving very good traction across the customer base:

    • A financial institution in UK is leveraging IgnioTM to model and predict the impact of business or technology changes and for proactive planning
    • A leading market research firm in North America chose IgnioTM to deliver intelligent automation across the enterprise technology operations in order to improve agility, efficiency and transform their Infrastructure operations
    • A financial institution in North America is deploying IgnioTM for performing health checks and diagnostics of their business-critical and customer-facing web applications
    • A manufacturing firm in North America has successfully piloted IgnioTM for performing compliance checks on its IT infrastructure and platforms

    TCS BaNCSTM

    • Selected by a leading APAC bank for implementing a Payment Hub across 13 countries in Asia
    • Selected by a leading MEA bank for harmonized Payments Operations
    • Selected by a leading UK mutual financial institution for transforming their core banking operations
    • Selected by two leading APAC financial institutions for transforming their core banking operations
    • Selected by leading MEA mutual financial institution to extend Insurance and Wealth platform for enterprise-wide usage across the emerging markets

    Digital Learning Platform
    TCS has built and deployed a new Learning Platform to enable Digital training for 100,000 employees in this financial year. Thirty thousand employees have already undertaken courses on the platform where immersive content has been created covering the entire gamut of Digital offerings. The new Digital Learning platform and allied infrastructure enables ‘anytime-anywhere’ learning in a cloud environment

    Innovation and Intellectual Property:
    As of September 30, 2015, the company has applied for 2432 patents, including 59 applied during the quarter. Till date the company has been granted 277 patents.

    Human Resources:
    The company continued to hire to support business growth. There was a total gross addition of 25,186 people (net addition of 10,685 employees) taking the total employee strength of 335,620 employees on a consolidated basis. The utilization rate (excluding trainees) was at 86 % and that including trainees was 82.3%. The attrition rate (LTM) was at 16.2% per cent including BPS.

    “On a quarterly basis, our retention levels have improved this quarter with a net addition of over 10,000 employees in Q2. Our hiring continues to be strong with all time-high of over 25,000 employees joining us this quarter,” said Ajoy Mukherjee, Executive VP and Global Head, Human Resources.

    Awards and Recognition:
    Business Leadership:

    • Ranked on the Forbes list of World’s Most Innovative Companies
    • Ranked No. 1 in Dataquest's Top 20 list of Indian IT companies – 2015
    • Winner 'Make In India Awards for Excellence' 2015
    • Recognized for the ‘Best In House IP Team of the year - IT & Technology' at Global IPR 2015 Conclave
    • Winner 3 Gold awards at the TATA Institute of Social Sciences (TISS) -Leapvault CLO Awards India :
      • Global L&D Team of the year
      • Best Risk/Safety/Policy Compliance Training Program
      • Best Virtual Learning Program
    • Ranked Number One on the 2015 IDC Financial Insights FinTech Rankings Top 100
    • Winner 'Best Practice in Developing Future Leaders' Award at the Best Leadership Development Practices of Asia Awards
    • TCS Uruguay winner of Crear Award 2015 Anniversary Special Edition for "Innovation and Best Practices in Human Capital"

    Partner:

    • Won ‘Fastest Growing SI Partner of the Year' award at Expericon 2015
    • Won the Business Transformation Award from the Pegasystems Partner Excellence Awards

    Leadership:

    N Chandrasekaran:
    Ranked 'Best CEO' in the Technology/IT Services & Software sector in Institutional Investor's 2015 All-Asia Executive Team rankings

    Unaudited Condensed Consolidated Statements of Comprehensive Income

    For the three-month periods ended September 30, 2014, June 30, 2015 and September 30, 2015
    (In millions of USD, except per share data)

     

    Three-month period ended September 30, 2014

    Three-month period ended June 30, 2015

    Three-month period ended September 30, 2015

     Revenue

    3,929

    4,036

    4,156

     Cost of revenue

    2,184

    2,275

    2,318

     Gross margin

    1,745

    1,761

    1,838

     SG & A expenses

    690

    700

    713

     Operating income

    1,055

    1,061

    1,125

     Other income (expense), net

    93

    121

    103

     Income before income taxes

    1,148

    1,182

    1,228

     Income taxes

    265

    274

    296

     Income after income taxes

    883

    908

    932

     Minority interest

    11

    10

    6

     Net income

    872

    898

    926

     Earnings per share in USD

    0.45

    0.46

    0.47

    Unaudited Condensed Consolidated Statements of Financial Position 

    As of March 31, 2015 and September 30, 2015 (In millions of USD)

     

    As of March 31, 2015

    As of September 30, 2015

     Assets

     Property and equipment

    1,849

    1,781

     Intangible assets and Goodwill

    628

    601

     Accounts Receivable

    3,266

    3,427

     Unbilled Revenues

    612

    642

     Investments

    280

    638

     Cash and Cash equivalents

    298

    351

     Other current assets

    3,399

    3,152

     Other non current assets

    1,667

    1,381

     Total Assets

    11,999

    11,972

     Liabilities and Shareholders' Equity

     Shareholders' Funds

    9,185

    9,601

     Long term borrowings

    18

    14

     Short term borrowings

    39

    9

     Other current liabilities

    2,306

    2,007

     Other non-current liabilities

    305

    300

     Minority Interest

    146

    41

     Total Liabilities

    11,999

    11,972

    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™ (GNDM), recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 387,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $17.58 billion for year ended March 31, 2017 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. For more information, visit us at www.tcs.com.

    For TCS global news, follow @TCS_News.

    For more information, please contact

    Media

    Email: Pradipta.bagchi@tcs.com | shamala.p@tcs.com | h.ramachandra@tcs.com

    +91 22 6778 9999

    Investor Relations

    Email: Kedar.shirali@tcs.com

    +91 22 6778 9999

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