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TCS Worldwide
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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.

      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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      05 May 2025 Jazeera Airways Partners with Tata Consultancy Services to Power AI-led Transformation, Reimagine Digital Customer Experience
      02 May 2025 IBM, Tata Consultancy Services and Government of Andhra Pradesh to Deploy India’s Largest Quantum Computer in the Country’s First Quantum Valley Tech Park
      30 Apr 2025 TCS Collaborates with SAP to Enable Enterprise-wide GenAI and Cloud Adoption For its Customer
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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
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      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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    What we do
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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
      • Capital Markets
      • Consumer Packaged Goods and Distribution
      • Communications, Media, and Information Services
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      • TCS ERP on Cloud
      • ignio™
      • TCS iON™
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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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      Recent Press releases

      05 May 2025 Jazeera Airways Partners with Tata Consultancy Services to Power AI-led Transformation, Reimagine Digital Customer Experience
      02 May 2025 IBM, Tata Consultancy Services and Government of Andhra Pradesh to Deploy India’s Largest Quantum Computer in the Country’s First Quantum Valley Tech Park
      30 Apr 2025 TCS Collaborates with SAP to Enable Enterprise-wide GenAI and Cloud Adoption For its Customer
      View all
    • News alerts

      Recent News

      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
      19 May 2025 TCS at Sapphire 2025
      View all
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      Tata Consultancy Services Limited
      NSE:TCS
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    • PRESS RELEASE

    Share Strong fourth quarter concludes sterling financial year for TCS
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    Strong fourth quarter concludes sterling financial year for TCS

     

    FY11 Revenues at $8.2 billion; up 29.1% Y-o-Y

    FY11 Net Income at $1.9 billion; up 31.1% Y-o-Y

    Q4 Revenues at $2.2 billion up 33.2% Y-o-Y & 4.7% Q-o-Q

    Q4 Net Income at $531 million up 25.4% Y-on-Y & 2.7% Q-on-Q

    Annual Highlights for 2010-11

    • FY11 Operating Profits at $2.3 b up 35.5%; OPM up 134 basis points at 27.8%
    • Net Margin at 23.3%
    • Volume growth at 29.7%
    • Gross addition: 69,685 professionals
    • Net addition: 38,185 professionals
    • Total employee strength: 198,614
    • FY11 EPS at $0.9

    Highlights for Q4 2010-11

    • Operating profits at $629 m up 35.6%
    • Y-on-Y; 4.5% Q-on-Q; OPM flat at 28.0%
    • Net margin at 23.7%
    • Volume growth at 2.9%
    • Gross addition: 19,324 professionals
    • Net addition: 11,700 employees
    • Attrition rate: 14.4% LTM
    • Utilization rate (excl trainees): 82.4%
    • Utilization rate (incl trainees): 75.1%
    • EPS at $0.27 in Q4 from $0.26 in Q3

    Press Releases: Q4 2010-11 Press Release (Indian GAAP) |  Q4 2010-11 Press Release (US GAAP)

    Financial Statements:

    •  FY 2010-11 Indian GAAP 
    •  FY 2010-11 Indian GAAP (Extracts from Audited, Condensed & Consolidated) 
    •  FY 2010-11 Indian GAAP (Extracts from Audited, Condensed) 
    •  FY 2010-11 US GAAP (Condensed, Consolidated, Unaudited - USD) 
    •  FY 2010-11 US GAAP (Extracts from Consolidated, Unaudited - INR)

    Visit the Investors' site for more financial information

    Mumbai, India, April 21, 2011: Tata Consultancy Services (TCS), (BSE: 523540, NSE: TCS), a leading IT services, consulting and business solutions firm reported its consolidated financial results according to US GAAP for the quarter and financial year ended March 31, 2011.

    Commenting on the 2010-11 performance, N Chandrasekaran, CEO and Managing Director, said, “Excellent execution and a constant focus on the customer has helped TCS round off a sterling performance in FY11 with strong growth in the fourth quarter while maintaining margins at historic highs.”

    Looking ahead, Chandrasekaran added,“The demand environment continues to be vibrant. There are opportunities across markets and industries. Our nimble organization structure together with our full-services strategy and domain-intensive solutions gives us a great platform to sustain growth. We continue to shape the adoption of next generation technologies by investing in new areas like mobility, analytics, social media and sustainability solutions.”

    S Mahalingam, CFO and Executive Director, said, “We have created a structurally robust cost base that is able to withstand a dynamic demand environment. The strength of this model can be seen from the steady improvement we have shown in operational and profitability parameters over the last four quarters.”

    “While certain headwinds remain in the near-term and medium-term global macro-horizon, we remain confident of our ability to mitigate challenges as well as sustain business growth. We will continue to be relentless in running an efficient operation while ensuring the necessary investments are made to capture new growth opportunities,” Mahalingam added.

    There was secular growth across markets and industries during the financial year. Growth was led by the developed markets of the United States and Europe with strong contributions from Asia Pacific and the Middle East and Africa in Q4. All industry verticals returned to the growth path during the year. In terms of services, TCS’ full-services capabilities continue to be leveraged by customers with our new service lines like Assurance, Infrastructure Services, Products and Enterprise Solutions growing at a fast pace.

    Key Wins

    • Selected by a leading consumer electronics company in Asia Pacific as its integrated, global infrastructure service provider
    • Selected for a large multi-year, transformation and full services engagement by one of the largest banking groups based in the Middle East
    • Is partner for a US-based specialty retailer for its transformation program to implement customer-centric merchandizing solution
    • Engaged by one of the world’s leading automotive companies to support its end-to-end enterprise application integration and infrastructure services across its global business value chain
    • Won a multi-year, multi-million dollar contract to provide application support, maintenance and development services to a world leader in industrial gases
    • Is strategic partner for a leading US health services provider for optimizing its IT spend

    FY11 was a good year for TCS BaNCS with significant strategic wins in key markets like the US, Europe and China. The company increased its footprint of products among global financial institutions with the addition of 37 new customers during the year. Revenues from all three segments – banking, treasury and capital markets, and insurance - continued to show healthy growth across regions.

    iON™:
    The company’s portfolio of business solutions for SMBs on the cloud- iON - was launched into the market in the fourth quarter of this financial year (FY11). The unique solution stack addresses the end-to-end technology requirements of small and medium business units. The solutions have been received well by the market. The company has acquired 225+ customers across India since it was launched in 2011.

    Diligenta:
    The company’s wholly owned subsidiary offering life and pensions solutions to the insurance industry in the UK continued to transform its business during the year by deploying TCS’ new cloud-based platform for greater efficiencies and growth. Four million policies have now moved to the new platform and there is a growing market for its products and services.

    Innovation and Intellectual Property:
    As of March 31, 2011, the company has applied for 448 patents and has been granted 68 patents.

    Human Resources: 
    “Rapid growth in business demand during FY11 resulted in the largest ever hiring effort in our history with a gross addition of 69,685 professionals during the year. With business demand continuing to grow, we have made 37,396 offers on campuses for trainees to join us during 2011,” said Ajoy Mukherjee, Vice President, Head, Global Human Resources. “We remain focused on developing competencies and retaining our people.”

    High utilization rates have been maintained in the fourth quarter with utilization excluding trainees at 82.4%, while utilization including trainees was at 75.1%. Attrition rates continued to be stable at 14.4% on an LTM basis. The campus hiring process in India has been completed for FY12. The company visited 343 campuses and released 37,396 offers to students to join during FY12. The average age of a TCS employee is 28 years and 57% of the workforce has more than three years of experience while 30.3% of the workforce comprised women.

    Awards and Recognition:
    TCS is the first software firm globally to be assessed at Level 5 enterprise-wide in Software Services and Development. The company also achieved Level 5 in the Enterprise-wide Multiple Simultaneous Appraisal against CMMI®-DEV and CMMI®-SVC. TCS won the “Best HRM Company in China” for the second consecutive year. It was chosen as the “Recruiting and Staffing Industry Leader of the Year” at RASBIC 2010-11. It won the Golden Peacock Innovation Management Award 2011. TCS BPO wins six awards at the BPO Excellence Awards 2010-11.

    TCS’ agro solution mKrishi won the MIT Technology Review Grand Challenge under the Agriculture category and low-cost water purifiers won the challenge under the Clean Potable Water category. The company also bagged the Gold Shield in ICAI Awards for Excellence in Financial Reporting.

    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™,recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 285,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $11.6 billion for year ended March 31, 2013 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.

    TCS Media Contacts

    Media

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

    +91 22 6778 9999

    Investor Relations

    Email: Kedar.shirali@tcs.com

    +91 22 6778 9999

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