Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile delivery model, recognized as a benchmark of excellence in software development. Promoters of the company includes 2 prominent names which are TATA Sons Private LTD (72.16%) and TATA Steel Limited (0.03%). CSR activities of TCS includes: 1) HEALTH AND WELLNESS: • provides a fully-integrated hospital management system free of cost to the Cancer Research Institute at Chennai. • Set up sanitation facilities at public schools as part of the Government of India’s Swachh Bharat Abhiyan. 2) EDUCATION AND SKILL-BUILDING: • came up with the Adult Literacy Program (ALP) in the year 2000. ALP runs on TCS’ proprietary Computer-based Functional Literacy (CBFL) solution, which employs innovative information and communications technology solutions to promote literacy. Deals: • Swiss Re has selected TCS as a strategic partner to design and develop its next-gen credit and surety insurance underwriting platform. • Selected by Transport for London for building a smart mobility system • Cordis, a worldwide leader in cardiovascular and endovascular medical devices, selected TCS to help transform Cordis into one of the most innovative medical device organizations. • Carrefour Belgium partners with TCS to drive an end-to-end Business Transformation Program on SAP S/4 HANA, leveraging deep expertise in retail, supply chain and logistics. • Converge ICT Solutions, a large, end-to-end highspeed fiber broadband provider in the Philippines, has partnered with TCS to enhance the CX for its fast-growing subscriber base. As on September 30, 2021, the company has applied for 6,169 patents, including 180 applied during the quarter, and has been granted 2,100 patents. Result highlights: • Revenue at `46,867 crore, +16.8% YoY; +15.5% CC YoY • Operating Margin at 25.6%; +0.1% QoQ, -0.6% YoY • Net Income at `9,624 crore, +14.1% YoY | Net Margin at 20.5% • Net Cash from Operations at `9,945 crore ie 103.3% of Net Income • Net headcount addition of 19,690 |Workforce strength: 528,748 • Diverse and inclusive: Women in the workforce: 36.2% | 157 Nationalities • Best in class talent retention: LTM IT Services attrition rate at 11.9%; lowest in the industry • Dividend per share: ` 7.00 | Record date 19/10/2021 | Payment date 03/11/2021 Comment: TCS results are in line with the estimates with high attrition rate, profit and revenue rises substantially and future growth prospects are good.
