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The country's largest IT exporter, Tata Consultancy Services on Monday posted a Profit after Tax (PAT) of Rs 2932 crore versus Rs 2887 crore, up 1.6% on a quarterly basis. With a 31% year-on-year (YoY) growth in its Q4 FY12 full year revenues, TCS became the first Indian IT company to cross the $10 billion milestone. Its full year revenues stood at Rs 48,894 crore ($10.17 billion).
TCS reported a full year net profit of Rs 10,638 crore ($2.2 billion), up 22% YoY, by International Financial Reporting Standards (IFRS).
The company generated a revenue of Rs 13,259 crore in the fourth quarter, versus Rs 13,204 crore in the previous quarter. This is a growth of 0.4% quarter-on-quarter (QoQ). The fourth quarter operating margins stood at 27.7% versus 29.2% on a quarterly basis.
The company witnessed a volume growth of 23% during the financial year 2011-12. The infrastructure, enterprise solutions and BPO services clocked over $1 billion in revenues.
TCS also saw an all time high gross addition of employees in FY12. The company however reported an attrition of 12.2% for the fourth quarter. With an addition of 70,400 employees, its total base now stands at 238,583 professionals.
Commenting on the Q4 numbers, CEO, N Chandrasekaran said that the company has carried the strong momentum through fourth quarter to close out a year of strong growth. "We feel pretty good about the overall performance as we have kept our focus on profitability and consolidated our market leadership," he said.
CFO of TCS, TV Mahalingam said: "We have had 71 basis points reduction in margins as a result of the currency fluctuation."
Chandrasekaran said that TCS has signed three large deals in BFSI and holistically done well. He stated that growth in North America was good in Q4 as per company average and Europe had been phenomenal.
"Growth has been flat, but we should grow. The good thing about this quarter is that we have grown on all verticals, on a constant currrency basis. BFSI is flat," added Chandra.
Commenting on hiring and bench strength Chandrasekaran said, "We have a huge bench now, training has been completed and ready for deployment. We've made offers to 45,000 freshers."
Shares in Tata Consultancy Services closed down 2.27% at Rs 1059.25 on the Bombay Stock Exchange. The stock touched an intra-day high of Rs 1102.45 and a low of Rs 1046.55.
TCS and Infosys are part of India's $100 billion-a-year information technology and back-office services sector that earns about 70 percent of its revenue from exports to the United States and Europe.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
The country's largest IT exporter, Tata Consultancy Services on Monday posted a Profit after Tax (PAT) of Rs 2932 crore versus Rs 2887 crore, up 1.6% on a quarterly basis. With a 31% year-on-year (YoY) growth in its Q4 FY12 full year revenues, TCS became the first Indian IT company to cross the $10 billion milestone. Its full year revenues stood at Rs 48,894 crore ($10.17 billion).
TCS reported a full year net profit of Rs 10,638 crore ($2.2 billion), up 22% YoY, by International Financial Reporting Standards (IFRS).
The company generated a revenue of Rs 13,259 crore in the fourth quarter, versus Rs 13,204 crore in the previous quarter. This is a growth of 0.4% quarter-on-quarter (QoQ). The fourth quarter operating margins stood at 27.7% versus 29.2% on a quarterly basis.
The company witnessed a volume growth of 23% during the financial year 2011-12. The infrastructure, enterprise solutions and BPO services clocked over $1 billion in revenues.
TCS also saw an all time high gross addition of employees in FY12. The company however reported an attrition of 12.2% for the fourth quarter. With an addition of 70,400 employees, its total base now stands at 238,583 professionals.
Commenting on the Q4 numbers, CEO, N Chandrasekaran said that the company has carried the strong momentum through fourth quarter to close out a year of strong growth. "We feel pretty good about the overall performance as we have kept our focus on profitability and consolidated our market leadership," he said.
CFO of TCS, TV Mahalingam said: "We have had 71 basis points reduction in margins as a result of the currency fluctuation."
Chandrasekaran said that TCS has signed three large deals in BFSI and holistically done well. He stated that growth in North America was good in Q4 as per company average and Europe had been phenomenal.
"Growth has been flat, but we should grow. The good thing about this quarter is that we have grown on all verticals, on a constant currrency basis. BFSI is flat," added Chandra.
Commenting on hiring and bench strength Chandrasekaran said, "We have a huge bench now, training has been completed and ready for deployment. We've made offers to 45,000 freshers."
Shares in Tata Consultancy Services closed down 2.27% at Rs 1059.25 on the Bombay Stock Exchange. The stock touched an intra-day high of Rs 1102.45 and a low of Rs 1046.55.
TCS and Infosys are part of India's $100 billion-a-year information technology and back-office services sector that earns about 70 percent of its revenue from exports to the United States and Europe.
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