Revenue Growth of 19.1% YoY, +13.5% YoY in CC
– Growth led by North America & UK (+15.4% YoY in CC)
– Operating Margin at 24.5%; Net Margin at 18.6%
– IT Services Attrition trending down: LTM Attrition at 21.3%
– Board Announces Dividend of `75/share Including Special Dividend of `67/share
MUMBAI, January 9, 2023: Tata Consultancy Services (BSE: 532540, NSE: TCS) reported its consolidated
financial results according to Ind AS and IFRS, for the quarter ending December 31, 2022.
Highlights of the Quarter Ended December 31, 2022
• Revenue at `58,229 crore, +19.1% YoY, +13.5% YoY in constant currency
• Order Book at $7.8 billion | Book to Bill at 1.1
• Operating Margin at 24.5%; contraction of 0.5% YoY
• Net Income at `10,846 crore, +11% YoY | Net Margin at 18.6%
• Net Cash from Operations at `11,154 crore ie 102.8% of Net Income
• Net headcount addition of –2,197 |Workforce strength: 613,974
• Diverse and inclusive workplace: Women in the workforce: 35.7% | 153 Nationalities
• Building a G&T workforce: 11.4 million learning hours clocked | 1.3 million competencies acquired
• LTM IT Services attrition rate at 21.3%
• Total Dividend per share of `75 per share including `67 as special dividend
Record date 17/01/2023 | Payment date 03/02/2023
• Total Shareholder Payout of `33,297crore Year till Date
Rajesh Gopinathan, Chief Executive Officer and Managing Director, said: “We are pleased with our strong
growth in a seasonally weak quarter, driven by cloud services, market share gains through vendor
consolidation, and continued momentum in North America and UK. The sustained strength of demand for our services is a validation of the value we provide to our clients in helping them differentiate themselves, while enhancing their competitiveness. Looking ahead, and beyond current uncertainties, our longer–term growth outlook remains robust.”
N Ganapathy Subramaniam, Chief Operating Officer and Executive Director, said: “As I look back at 2022,
it’s gratifying to see the privileged partnership that we continue to enjoy with our clients globally. In a hybrid
working model we delivered many complex transformation programs tailored to the specific needs of our
clients’ ecosystem with speed and agility. It’s also refreshing to see our delivery centers and PacePort labs
busy with our consultants and client executives jointly reimagining solutions to deliver the future, now. The
year also saw us embracing data, AI and ML holistically to disrupt ourselves and drive competitive advantage
to our clients’ businesses. All these augur well for our future as we step into 2023.”
Samir Seksaria, Chief Financial Officer, said: “Improved productivity, currency support and abating supply–
side challenges helped expand our operating margin in Q3. This gives us greater confidence in our ability to
steer our profitability towards our preferred range, while continuing to invest in building newer capabilities
to support our growth and market share gains.”
Milind Lakkad, Chief HR Officer, said: “Our focus over the last few quarters on bringing in fresh talent at
scale, training them on new technologies and making them productive is paying off. We are particularly proud
of having 125,000 TCSers at middle and senior levels who have been with the company for more than 10
years on average. They have been central to the successful cultural integration of all the fresh talent we have
onboarded in the last couple of years, and their contextual knowledge and customer–centricity have been key
to the high level of customer satisfaction that TCS is known for.”
