Tata Consultancy Services (TCS), India’s largest IT
services company, on April 11 posted a consolidated net profit of Rs 9,926
crore for the fourth quarter ending March 31, 2022, registering a 7% growth
from Rs 9,246 crore a year ago. In the December quarter, its profit after tax
(PAT) stood at Rs 9,769 crore.

TCS consolidated revenue from operations surged 16% to Rs
50,591 crore in the fourth quarter (Q4FY22), aided by all-round growth across business
verticals, stable deal wins and an increase in transformation spends by
corporates. The company had posted consolidated revenue of Rs 43,705 crore in
the same period last year. Its revenues during the October-December period came
in at Rs 48,885 crore.

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For the financial year 2021-22, the consolidated profit
was recorded at Rs 38,327 crore, which is 18% higher than the net profit of Rs
32,430 crore reported for FY21.

Consolidated revenues for FY22 stood at Rs 191,754 crore,
a 17% increase from the revenues of Rs 164,177 crore reported in FY21.

The second most valuable company in the country has
reported a flat operating margin of 25% as compared to a 19.6% net margin
during the previous December quarter.

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TCS has witnessed its highest-ever order book TCV (Total
contract value) at $11.3 billion in Q4 and $34.6 billion in FY22.

The company board has recommended a final dividend of Rs
22 per equity share.

TCS added the highest ever employees in a quarter during
the January-March 2022 period, with net additions of 35,209 employees taking
the total employee strength to 592,195.

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The company’s attrition rate surged to 17.4% (voluntary
TTM) on a trailing 12 months basis as against 15.3% in the previous quarter. It
continues to have a very diverse workforce, comprising 153 nationalities and
women making up 35.6% of the workforce.

The IT major said demand continued to be strong during
the quarter as well as the full year across all markets, industries, and
services, with growth led by cloud, cyber security, enterprise application
services and IoT and digital engineering.

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 “We are closing
FY22 on a strong note, with mid-teen growth and adding the maximum incremental
revenue ever. Increasing participation in our customers’ growth and
transformation journeys, and an all-time high order book provide a strong and
sustainable foundation for continued growth ahead,” said TCS MD and CEO
Rajesh Gopinathan.

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Shares of TCS closed 0.36% higher at Rs 3,699 per share
on April 11 at the National Stock Exchange. The stock has appreciated 2.7% in
the past one month and has generated returns of 11.3% during the past one year.