TCS Q4 Results LIVE Updates: PAT meets expectations at Rs 12,434 crore, Tata group firm declares dividend; CEO K Krithivasan mentions global macro uncertainty

TCS Q4 Results LIVE Update: TCS has maintained crucial position with clients, observed decent revenue growth, says Gartner analyst

Biswajit Maity, Senior Principal Analyst at Gartner, says that TCS showcased strong growth this year with profits going up.

"One of its main strengths is how it focuses on its customers, building strong and long-lasting relationships with them. TCS is flexible in how it works with clients and makes sure negotiations are fair, especially during tough times like when there are changes or contracts need renewing. With the recent large deals and these attributes, TCS has maintained its crucial position with its clients and has observed decent revenue growth," says Maity.

"As TCS targeting for the large deals, TCS needs to closely monitor its services to ensure that the substantial increase in workload does not adversely affect the overall quality of service promised to its clients," the analyst adds. 

TCS Q4 Results: Pleased to announce annual increments for our workforce, says Tata Consultancy Services Chief HR Officer  

"We are pleased to announce the annual increments for our workforce, as we have done consistently every year, with top performers receiving double digit hikes," says Milind Lakkad, Chief HR Officer, TCS. 

"The reduced attrition, at 12.5 per cent, enthusiastic response to our campus hiring, increased customer visits and employees returning to the office have resulted in great vibrancy in our delivery centres and elevated morale of our associates," says Lakkad.

TCS Results LIVE Update: Tata Consultancy Services doles out Rs 46,223 crore in dividends & buyback in FY24 

The IT company's free cash flow for the financial year 2023-24 amounts to Rs 44,282 crore. 

TCS Results LIVE Update: Strong finish to FY24 for TCS on the back of record deal wins & robust margins

Here are some highlights of the financial year 2023-24:

• Order book total contract value (TCV) at all-time high of $42.7 billion (record Q4 TCV at $13.2 billion)
• Revenue at Rs 2,40,893 crore, up 6.8 per cent YoY (constant currency growth at 3.4 per cent)
• Growth led by the UK (+10.1 per cent) and regional markets (+19.8 per cent)
• By verticals, growth led by
  • Energy, resources and utilities (+12.6 per cent)
  • Manufacturing (+7.3 per cent)
  • Life Sciences & Healthcare (+4.8 per cent)
• Operating margin at 24.6 per cent
• Net margin at 19.3 per cent
• Net income at Rs 46,585 crore per cent, up 10.5 per cent YoY

Margins and net income exclude one-time charge of $125 million towards legal claim settlement 

TCS Results LIVE Update: CFO Samir Seksaria says company's disciplined approach to operations helped it expect its industry-leading margin in FY24

"In a challenging environment, we persisted with our long-term investments in workforce reskilling, research and innovation," says Samir Seksaria, Chief Financial Officer, TCS. 

Seksaria also says the company will "continue to drive efficiencies and competitiveness to capture opportunities for growth with profitability".

TCS Q4 Results LIVE Update: Broad-based deal wins across industries & geographies aid quarterly performance, says Tata Consultancy Services COO

TCS COO and ED N Ganapathy Subramaniam says the company's Q4 performance is robust with broad-based deal wins across industries and geographies.

"Our products and platforms business sparkled with the mega deal win at Aviva and emerging markets had another stellar growth quarter demonstrating the power of TCS’ diversified portfolio," Subramaniam adds. 

TCS Q4 Results LIVE Update: Domestic market leads growth for Tata Consultancy Services   

In the March quarter, growth at the company is led by India (+37.9 per cent) followed by the UK (+6.2 per cent).

TCS Q4 Results LIVE Update: TCS won 461 patents in March quarter

Here's a research & innovation update from the Mumbai-based IT major:  

• As of March 31, 2024, TCS has applied for 8,040 patents 
• It has been granted 3,919 patents 

Out of those, the Tata group IT giant has applied for and has been granted 188 and 461 patents in Q4.

TCS Q4 Results LIVE Update: TCS workforce at 6,01,546 as of March 31

IT services attrition at the company is recorded at 12.5 per cent, on a last-12-month basis.

Here are some key metrics shared by TCS:

• Employee headcount: 6,01,546
• Diversity: 152 nationalities; 35.6% women

On a YTD basis, "TCSers have clocked 51 million learning hours, and acquired 5 million competencies", says the IT firm.

TCS Q4 FY24 Results Live Update: CEO K Krithivasan says record order book, 26% operating margin validate robustness of company's business model, execution excellence

TCS CEO and MD K Krithivasan says: “We are very pleased to close Q4 and FY24 on a strong note with the highest ever order book and a 26 per cent operating margin."

"In an environment of global macro uncertainty, we are staying close to our customers and helping them execute on their core priorities with TCS’ portfolio of offerings, innovation capabilities and thought leadership," the TCS CEO adds. 

File photo | Image credit: TCS.com

TCS Q4 Results LIVE Update: Attrition eases to 12.5% from 13.3% in Q3 

Attrition at the IT giant comes in at 12.5 per cent in the January-March period as against 13.3 per cent three months ago.

TCS Q4 Results LIVE Update: Tata Consultancy Services registers 5.0% EBIT growth

The country's largest IT company, by sales and by market value, logs fourth-quarter earnings before interest and taxes (EBIT) of Rs 15,918 crore as against Rs 15,155 crore for the October-December period.

What does EBIT mean?

EBIT is a key financial metric that showcases a company's operational profitability. By excluding interest and taxes from the equation, EBIT provides a clearer view of a company's core profitability before accounting for external financial factors.

It serves as a crucial metric for investors and analysts to assess a company's operational efficiency and performance. 

TCS Q4 FY24 Results Live Update: AI.Cloud, Enterprise Solutions, IOT&DE, Cyber Security lead growth for TCS in Q4 

TCS Q4 Results LIVE Update: Here's a summary of the Tata group IT bellwether's market-wise performance in Q4 & FY24 

Image: Regulatory filing

TCS Q4 Results LIVE Update: How Tata Consultancy Services fared in Q4 & FY24 across domains

Image: Regulatory filing