Information Technology bellwether Tata Consultancy reported a net income at Rs 9,769 cr for the quarter ended 31 December 2021, which was up over 12.3 per cent Year-on-Year (YoY) while its net margins rose by 20 per cent during this period, the company said in its filing to exchanges.

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The TCS Board also announces share buyback which is valued at Rs18,000 Cr at Rs 4,500 per share.

Highlights of the Quarter Ended December 31, 2021

• Revenue at `48,885 crore, +16.3% YoY; +15.4% CC YoY

• Industry-Leading Operating Margin at 25%; -1.6% YoY

• Net Income at `9,769 crore, +12.3% YoY | Net Margin at 20%

• Strong Client Addition: 10 New $100Mn+ Clients (total: 58); 21 new $50Mn+ clients (total: 118)

• Net Cash from Operations at `10,853 crore ie 111.1% of Net Income

• Net headcount addition of 28,238 |Workforce strength: 556,986

• Diverse and Inclusive: Women Employees Exceed 200,000; +68% growth in women at senior levels during 2016-21 | 156 Nationalities represented

• Building a G&T workforce: 100K+ market relevant skills gained in Q3 | 38K+ Contextual Masters identified

• LTM IT Services attrition rate at 15.3%; lowest in the industry

• Board recommends a buyback of shares to the tune of Rs 18,000 Cr at Rs 4,500 per share

• Dividend per share: Rs 7 | Record date 20/01/2022 | Payment date 07/02/2022

“Our continued growth momentum is a validation of our collaborative, inside-out approach to our customers’ business transformation needs. Page 2 of 11 Customers love our engagement model, our end-to-end capability, and our can-do approach to problem solving. While mapping out their innovation and growth journeys, we are also helping them execute new-age operating model transformations to support those journeys,” Rajesh Gopinathan, Chief Executive Officer and Managing Director, said.