TATA
CONSULTANCY SERVICES
(INDIAN GAAP)
TCS crosses
$10 b on strong growth momentum in 2011-12;
Annual Revenues up 31% at Rs.
48,894 crore ($10.17 billion)
FY12 Net
Profit at Rs.10,413 cr; up 15% Y-o-Y
Q4 Revenues at Rs.
13,259 cr up 30.5% Y-on-Y & 0.4 %
Q-on-Q
Q4 Net Profit
at Rs. 2,895 cr up 10.4% Y-on-Y & 3.3 % Q-on-Q
Annual Highlights for 2011-12
• PBT (before Other Income) at Rs.13,495 cr up 29.6%;
•
Volume growth at 23.05%
• All
time high Gross addition: 70,400 employees
• All
time high Net addition: 39,969 employees
•
Total employee strength: 238,583
•
FY12 EPS at Rs. 53.07 (Under IFRS, EPS :Rs.54.4)
•
Total Dividend at Rs. 25 per share
including proposed Rs. 8 as Final Dividend and
Rs. 8 as Special Dividend
Highlights for 4th Quarter
2011-12
• PBIT (Before Other Income) at Rs.3,678 cr up 27.9%
Y-on-Y; (4.6)% Q-on-Q;
•
Gross addition: 19,156 professionals
• Net
addition: 11,832 employees
•
Attrition rate: 12.2 % LTM
•
Utilisation Rate (excl trainees): 80.6 %
•
Utilisation Rate (incl trainees): 71. 3 %
• EPS
at Rs.14.77 (Rs.14.98 under IFRS) in Q4 FY 12 from Rs.14.30 in Q3
Tata Consultancy Services, a leading IT services, consulting
and business solutions firm reported its consolidated financial results according to Indian GAAP for the quarter and financial year
ended March 31, 2012.
The company became the first Indian IT company to cross the
ten billion dollar milestone posting annual revenues of $ 10.17 billion.
Commenting on the 2011-12
performance, N. Chandrasekaran, CEO and MD said: “We have carried our
strong momentum through the fourth quarter to close out a year of strong
growth. We have kept our focus on profitability and consolidated our market
leadership.” He added: “With our customer-centric approach, strong
solution set and investments in game-changing technologies like mobility, big
data and cloud, we remain well positioned to help our customers transform and
drive growth in their businesses.”
Looking ahead to FY13, Mr
N Chandrasekaran said: “TCS is well prepared to achieve balanced growth across
the industries and markets it operates in, given its holistic portfolio of
services which are now achieving significant scale across markets.”
S Mahalingam, Chief
Financial Officer and Executive Director, said: “We have grown very well during
2011-12 and also been able to exit the year at the right margin levels, despite
the marked increase in volatility during the past 12 months.” He added: “Our
focus is firmly fixed on the opportunities out there. So while maintaining our
cost discipline at an operational level, we continue to invest in capacity and
capability as we prepare for growth ahead.”
There was secular growth
across markets and industries during the financial year. North America grew by
29.6% to cross $5 billion while Europe including United Kingdom grew by 33.8%.
All industry verticals grew in double digits during FY12.
TCS’ full services
capabilities continue to be leveraged by customers with new service lines
growing at a fast pace - Infrastructure Services, Enterprise Solutions and
Business Process Outsourcing service lines each clocked more than $ 1 billion
in revenues in 2011-12. All other service lines also grew by double digits.
Key Wins
Ø Selected
by a leading US Insurer as a strategic partner in a multi-year program that
aims to help it re-architect its policy and customer management application
portfolio and drive greater agility in product development, integrated
marketing, and customer experience management
Ø Partnered
with one of the largest European telecom companies to restructure their
application and infrastructure management services and help transition from
legacy service vendors, re-architect the solution delivery processes and
transform to an end-to-end managed services model
Ø Selected
by a leading international automotive retailer to support, develop and globally
rollout their dealer & retail management program
Ø Awarded
a multi-million dollar managed services contract by a leading, global smart
devices manufacturing company to provide Application Maintenance and Support
Services for their core business processes in Supply Chain, Order Management,
Sales and Finance Functions
Ø Selected
by a leading USA grocery retailer to deliver end-to-end infrastructure services
on a managed services model. TCS is currently their strategic global vendor for
IT Services
Ø Selected
by a leading bank in Latin America to be their IT and business solution
partner.
Ø Innovation
and Intellectual Property:
Ø As
of 31 March 2012, the company has applied for 855 patents and has been granted
72 patents.
Ø
Human
Resources:
Ø “We have successfully undertaken the largest ever hiring
effort in our history by adding and integrating 70,400 professionals during the
year. With business demand continuing to be robust, we have made 43,600 offers
on campuses for trainees to join us from the second quarter of this fiscal
year.” said Ajoy Mukherjee, Executive Vice President, Head, Global Human Resources.
“Our efforts to increase retention by engaging with our employees and offering
them a progressive career path is paying dividends with attrition rates falling
further to 12.2 per cent.”
Ø $100m+ Clients rise to 14 (8 in FY 11)
Ø Infrastructure services, Enterprise solutions, BPO Units
cross $1 billion in revenues in 2011-12
Ø Active clients : 1037
Ø Operating Margin of 27.7% down 155 bps QoQ
Ø NPM of 22.1% up 26 bps QoQ
High utilization rates have been maintained in the 4th quarter
with utilization excluding trainees at 80.6 per cent, while utilization
including trainees was at 71.3 per cent. The overall attrition rate was lower
at 12.2% with IT attrition at a low of 11.05 per cent and BPO attrition at
21.6% on a LTM basis. The campus hiring process in India has been completed for
FY12.
Average age of a TCS employee is 28 yrs and 62.4% of the
workforce has more than 3 yrs experience while 31.6% of the workforce comprised
of women.
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