INSUBCONTINENT EXCLUSIVE:
Mumbai: India’s top software services exporter Tata Consultancy Services (TCS) on Thursday posted a 1.80 per cent year-on-year (YoY) rise
in consolidated net profit at Rs 8,042 crore for the quarter ended September 30.
The number fell slightly short of street estimates
Analysts in an ETNOW poll had projected Q2 profit at Rs 8,304 crore
Revenue increased 5.80 per cent year on year to Rs 38,977 crore.
The company reported operating margin at 24 per cent while net margin came
in at 20.6 per cent.
Here are the key takeaways of Q2 earnings:Dividend: The company announced total dividend of Rs 45 per share, including
a Rs 40 as special dividend.
Healthcare major revenue contributor: Sectorally, revenue growth was led by life sciences - healthcare (+16 per
cent) and communications and media (+11.8 per cent)
Other verticals like BFSI (+8 per cent), manufacturing (+7.8 per cent), technology - services (+5.6 per cent) and retail - CPG (+4.8 per
cent) showed healthy grow.
Markets and geography: Across geographies, growth was led by Europe (+16 per cent) and the UK (+13.3 per cent)
North America and Asia Pacific grew 5.3 per cent and 6.5 per cent, respectively
Emerging markets showed steady growth - India (+7.7 per cent), MEA (+7.3 per cent) and Latin America (+7.3 per cent).
Research and
innovation: As on September 30, the company had applied for 4,874 patents, including 192 applied for during the quarter
It has been granted 1,121 patents so far.
Strong hiring: The company said its hiring continued to be strong to meet its growing order book
Net additions in Q2 stood at 14,097, which marked highest ever employees onboarding in a quarter
Consolidated headcount stood at 4,50,738 as of September 30
The percentage of women in the workforce rose further to 36.3 per cent.
Consulting - services integration: Strategic offerings around
enterprise agility, mergers, acquisitions and divestitures, as well as supply chain as a service saw increased traction in Q2.
Digital
transformation services: Cloud services, loT and cybersecurity services led growth during the quarter
A strategic partnership with General Motors for future global vehicle engineering highlighted the company’s depth and scale in advanced
automotive engineering R-D services.
Cognitive business operations: Secure hybrid cloud, along with Al and machine learning, played a
pivotal role clients' digital transformation journey and sustainable business operations, the company said
It saw strong demand for hybrid cloud transformation services and digital customer experience transformation services.
