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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.

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      TCS is here to make a difference through technology.

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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
      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
      View all
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      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
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      Tata Consultancy Services Limited
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    • PRESS RELEASE

    Share Strong Digital Demand Drives Double Digit Growth at TCS
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    Strong Digital Demand Drives Double Digit Growth at TCS

     

    • Q1 $ Revenue grows +8.6% YoY; Constant Currency: +10.6% YoY
    • Digital Revenue at 32.2%, Growth of 42.1% YoY
    • UK (+16% YoY) and Europe (+15% YoY) Continue to Shine
    • Net Margin at 21.3%; ₹ EPS Growth: 13% YoY

    MUMBAI, July 9, 2019: Tata Consultancy Services (BSE: 532540, NSE: TCS), the leading global IT services, consulting and business solutions organization, reported its consolidated financial results according to Ind AS and IFRS, for the quarter ending June 30, 2019.

    Financial Highlights for Quarter Ended June 30, 2019

    • Revenue at $5,485 Mn, +8.6% YoY
    • Constant Currency revenue growth: +10.6% YoY
    • Net Income at $1,168 Mn, +8% YoY
    • Operating Margin at 24.2%; Net Margin at 21.3%
    • Earnings Per Share at $0.31, +10.2% YoY
    • Net Cash from Operations at 103.9% of Net Income
    • Dividend per share: ₹ 5.00

    Record date 17/07/2019; Payment date 23/07/2019

    Business Highlights for Quarter Ended June 30, 2019

    • Digital revenue: 32.2% of total, +42.1% YoY
    • UK, Europe and India lead growth: +16% YoY, +15% YoY and +15.9% YoY respectively
    • Continued investments in organic talent development:
      • Net addition of 12,356 employees: highest in 5 years
      • 315K+ employees trained in digital technologies
      • 361K+ employees in Agile methods
    • Industry-leading talent retention: IT Services attrition rate at 11.5% LTM

    Commenting on the Q1 performance, Rajesh Gopinathan, Chief Executive Officer and Managing Director, said:“We have had a steady start to the new fiscal year. We see customers continuing to spend on their growth and transformation initiatives, and that is showing in our strong order book and deal pipeline this quarter.”

    He added:“We are benefiting significantly from enterprises investing in Customer Experience to differentiate themselves in a Business 4.0™ world. Our lean forward strategy is working well and our customers are benefiting from the TCS innovation ecosystem. Customers appreciate our end-to-end capabilities, and our holistic approach to transforming customer journeys that enable rapid product innovation and speed to value.”

    N Ganapathy Subramaniam, Chief Operating Officer & Executive Director, said:“We continue to execute well and delivered some significant transformation programs to our customers during the quarter. Our platforms for the financial industry are doing well. I’m particularly pleased that our TCS BaNCS Global Securities Processing platform is the choice of two large global financial institutions during the quarter.”

    He added:“Our diversified industry presence, comprehensive digital offerings, and agile way of working, coupled with our Business 4.0 framework, enable us to stay relevant to our customers. We are confident of the future as we embrace deeply the Machine First™ philosophy in delivering experiential and modern solutions to our clients.”

    V Ramakrishnan, Chief Financial Officer, said: “We continue to invest in deepening our capabilities to help our customers in their transformation journeys. Additionally, our margins this quarter fully reflect the annual increments that we effected across the board in April. Sustained rigor in operations helped deliver strong cash conversion and EPS expansion.”

    IFRS Financial Statements

    Unaudited Condensed Consolidated Statements of Comprehensive Income For the three-month periods ended June 30, 2018, and June 30, 2019

    ($ Million, except per share data)

     

     

    Three-month period ended
     Jun 30, 2018

    Three-month period ended
     Jun 30, 2019

    Revenue

    5,051

    5,485

    Cost of revenue

    2,961

    3,265

    Gross margin

    2,090

    2,220

    SG & A expenses

    826

    895

    Operating income

    1,264

    1,325

    Other income (expense), net

    178

    203

    Income before income taxes

    1,442

    1,528

    Income taxes

    357

    357

    Income after income taxes

    1,085

    1,171

    Minority interest

    3

    3

    Net income

    1,082

    1,168

    Earnings per share in $

    0.28

    0.31

     

    Unaudited Condensed Consolidated Statements of Financial Position As of March 31, 2019 and June 30, 2019

    ($ Million)

     

    As of March 31, 2019

    As of June 30, 2019

    Assets

    Property and equipment

    1,685

    1,663

    Right-of-use Assets

    0

    911

    Intangible assets and Goodwill

    581

    588

    Accounts Receivable

    3,969

    4,075

    Unbilled Revenues

    1,298

    1,433

    Investments

    4,243

    4,438

    Cash and Cash equivalents

    1,045

    821

    Other current assets

    2,908

    2,809

    Other non-current assets

    1,207

    1,260

    Total Assets

    16,936

    17,998

     

    Shareholders' Funds

    13,243

    13,246

    Long term borrowings

    6

    0

    Short term borrowings

    3

    0

    Other current liabilities

    3,192

    3,536

    Other non-current liabilities

    423

    1,142

    Minority Interest

    69

    74

    Total Liabilities

    16,936

    17,998

     

    About Tata Consultancy Services Ltd (TCS)

    Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for the last fifty years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile delivery model, recognized as a benchmark of excellence in software development.

    A part of the Tata group, India's largest multinational business group, TCS has over 436,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $20.9 billion in the fiscal year ended March 31, 2019, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.

    To stay up-to-date on TCS global news, follow @TCS_News.

    TCS Media Contacts

    Media

    Email: arushie.sinha@tcs.com

    Phone: +91 22 6778 9999

    Investor Relations

    Email: Kedar.shirali@tcs.com

    Phone: +91 22 6778 9999

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