Mumbai: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions firm reported its consolidated financial results according to IGAAP for the quarter and financial year ended March 31, 2016.
· Operating (PBIT) Margin at 26.4 %
· Customer Revenue Metrics:
Clients in $100M+ band increased by 8
Clients in $20M+ band increased by 11
Clients in $10M+ band increased by 37
· All time high Gross addition: 90,182 Employees:
· FY16 EPS at ` 123.28
· Total Dividend at ` 43.5 per share (including ` 27 proposed Final Dividend)
· Operating (PBIT) Margin at 25.9 %
· Volume growth at 3.2 %
· Digital Revenues: 15.5%
· Gross Addition: 22,576 employees
· Net addition: 9,152 employees
· Attrition rate: 15.5% LTM (14.7% in IT services)
· EPS at ` 32.54 in Q4 from ` 30.88 in Q3
· Final dividend (proposed) of ` 27 per share
Mr Chandrasekaran added: “Looking ahead, we continue to build on our trusted customer relationships and remain focused on helping them win in the new experience economy. We will continue to invest in developing ‘digital’ talent and launch new products in emerging areas leveraging the Internet of Things, automation and machine learning. We also look forward to intensifying our social initiatives to bring the benefits of technology to the community.”
Rajesh Gopinathan, Chief Financial Officer, said: “In FY16, we have balanced our focus on delivering an industry leading financial performance with our ongoing investment program designed to capture evolving Digital demand. We have invested over $250M to support organic growth in our Digital businesses and in new markets, while maintaining our profitability within our desired range and generated strong operating cash flows as well.”
The fourth quarter saw broad-based growth with the core portfolio performing strongly led by BFSI (3.2% Q-o-Q), Manufacturing (3.9% Q-o-Q) and Retail (2.1% Q-o-Q) in constant currency. For FY16, growth was led by BFS (14.8% Y-o-Y), Life Sciences (20.6% Y-o-Y), Travel & Hospitality (17% Y-o-Y) and Manufacturing (15% Y-o-Y) in constant currency.
In terms of key markets, growth in Q4 was led by Europe (3.6% Q-o-Q) and North America (2.4% Q-o-Q) in constant currency. For FY16, North America grew by 10.8%, Europe grew by 12.9%, UK by 8.3% in constant currency. India crossed $ one billion milestone in annual revenues while overall revenues from new Growth Markets stood at $ 3.3 billion in FY16.
Select Key Wins in Q4
In FY16 Digital revenues grew 52.2% due to faster adoption of digital solutions as customers moved to embrace a holistic digital transformation of the enterprise. With its strong suite of products and solutions, extensive domain expertise and customer contextual knowledge, TCS captured significant customer opportunities with 15.5% of total revenues coming from Digital in Q4 led by Analytics & AI, cloud and mobility and channels.
Key Wins in Digital Services and Solutions in Q4
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