Devanshu Singla

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. Also Read | PM Mahinda Rajapaksa: Every minute protests last, Sri Lanka loses dollars,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. Also Read | HAL shares hit 52-week high on emerging as L-1 bidder for ISRO project,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. Also Read | Ukraine's war-ravaged economy to shrink by 45% this year, World Bank says,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. Also Read | Tata Power Q3 results: Net profit jumps 74% to Rs 552 crore, revenue rises 42%, “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. Also Read | Average US gas price drops 10 cents over two weeks to $4.27 per gallon,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.

{\"time\":1649694508078,\"strCount\":3755,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/english/tatas-will-make-air-india-world-class-airline-ceo-n-chandrasekaran\\\">Tata</a> Consultancy Services (TCS), India’s largest IT\\nservices company, on April 11 posted a consolidated net profit of Rs 9,926\\ncrore for the fourth quarter ending March 31, 2022, registering a 7% growth\\nfrom Rs 9,246 crore a year ago. In the December quarter, its profit after tax\\n(PAT) stood at Rs 9,769 crore.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/topic/tcs\\\">TCS</a> consolidated revenue from operations surged 16% to Rs\\n50,591 crore in the fourth quarter (Q4FY22), aided by all-round growth across business\\nverticals, stable deal wins and an increase in transformation spends by\\ncorporates. The company had posted consolidated revenue of Rs 43,705 crore in\\nthe same period last year. Its revenues during the October-December period came\\nin at Rs 48,885 crore.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/pm-mahinda-rajapaksa-every-minute-protests-last-sri-lanka-loses-dollars\\\">PM Mahinda Rajapaksa: Every minute protests last, Sri Lanka loses dollars</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"For the financial year 2021-22, the consolidated profit\\nwas recorded at Rs 38,327 crore, which is 18% higher than the net profit of Rs\\n32,430 crore reported for FY21.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Consolidated revenues for FY22 stood at Rs 191,754 crore,\\na 17% increase from the revenues of Rs 164,177 crore reported in FY21.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The second most valuable company in the country has\\nreported a flat operating margin of 25% as compared to a 19.6% net margin\\nduring the previous December quarter.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/hal-shares-hit-52-week-high-on-emerging-as-l-1-bidder-for-isro-project\\\">HAL shares hit 52-week high on emerging as L-1 bidder for ISRO project</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"TCS has witnessed its highest-ever order book TCV (Total\\ncontract value) at $11.3 billion in Q4 and $34.6 billion in FY22.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The company board has recommended a final dividend of Rs\\n22 per equity share.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"TCS added the highest ever employees in a quarter during\\nthe January-March 2022 period, with net additions of 35,209 employees taking\\nthe total employee strength to 592,195.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/ukraines-war-ravaged-economy-to-shrink-by-45-this-year-world-bank-says\\\">Ukraine's war-ravaged economy to shrink by 45% this year, World Bank says</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The company’s attrition rate surged to 17.4% (voluntary\\nTTM) on a trailing 12 months basis as against 15.3% in the previous quarter. It\\ncontinues to have a very diverse workforce, comprising 153 nationalities and\\nwomen making up 35.6% of the workforce.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The IT major said demand continued to be strong during\\nthe quarter as well as the full year across all markets, industries, and\\nservices, with growth led by cloud, cyber security, enterprise application\\nservices and IoT and digital engineering.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/tata-power-q3-results-net-profit-jumps-74-to-rs-552-crore-revenue-rises-42\\\">Tata Power Q3 results: Net profit jumps 74% to Rs 552 crore, revenue rises 42%</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"&nbsp;“We are closing\\nFY22 on a strong note, with mid-teen growth and adding the maximum incremental\\nrevenue ever. Increasing participation in our customers’ growth and\\ntransformation journeys, and an all-time high order book provide a strong and\\nsustainable foundation for continued growth ahead,\\\" said TCS MD and CEO\\nRajesh Gopinathan.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/average-us-gas-price-drops-10-cents-over-two-weeks-to-427-per-gallon\\\">Average US gas price drops 10 cents over two weeks to $4.27 per gallon</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Shares of TCS closed 0.36% higher at Rs 3,699 per share\\non April 11 at the National Stock Exchange. The stock has appreciated 2.7% in\\nthe past one month and has generated returns of 11.3% during the past one year.\"}}]}

<ul>
 <li>TCS posted a consolidated net profit of Rs 9,926 crore for the fourth quarter</li>
 <li>Consolidated revenue surged 16% YoY to Rs 50,591 crore</li>
 <li>TCS added 35,209 employees during the January to March period</li>
</ul>

Opoyi Business

TCS Q4 results:  Net profit surges 7% to Rs 9,926 crore, revenue grows 16%

TataGroup

Business

Technology

NatarajanChandrasekaran

IndiaNews

StockMarket

Guwahati, Feb 18 (PTI) Assam Chief Minister Himanta Biswa Sarma urged leading industrialists and financiers in Mumbai to invest in diverse sectors in the state and assured them of total cooperation from the government in this regard.He held separate meetings with industry leaders at a roundtable organised by FICCI as well as with Tata Group and SRCC Children’s Hospital, among others, winding up his three-day visit to the financial capital of the country on Friday.As part of our initiatives to attract private investments into the state, took part in a roundtable of @ficci_india at Mumbai today, which was attended by country’s several leading industrialists, Sarma Tweeted after an interaction on Thursday.Urged them to take advantage of customisable industrial policy & invest in Assam, he added.Earlier on Thursday, Sarma interacted with Tata Group Chairman Natarajan Chandrasekaran and other top office bearers of Tata Sons, Tata Consumers, TCS, Tata Technologies, Indian Hotel and Tata Motors at Bombay House, Mumbai, an official release said here.The chief minister urged Tata Group to come forward for investment in Assam, especially in health, education, green and renewable energy, tourism and hospitality sector.He assured that the state government will provide all necessary support, including certain policy changes and capital subsidy, to make the state a preferred investment destination of the country.Sarma also held a meeting with Tata Trusts' Vice-Chairman Vijay Singh, CEO Srinath Narasimhan and Board of Trustees and reviewed the progress of construction works of State Cancer Institutes under Assam Cancer Care Foundation.Out of 17 Cancer Institutes, seven are targeted to be inaugurated in April, 2022.The Assam government and Tata Trust are collaborating for setting up Cancer Care Units in the state, with the foundation for the project laid in June 2018.Tata Trusts had signed a Memorandum of Understanding with the Assam government during the Advantage Assam - Global Investment Summit 2018, held in February that year, giving a formal shape to the project.In the meeting, Sarma urged Tata Trusts to engage a team to study the basic requirements for establishment of a proposed South Asian Cancer Institute in Assam.The chief minister also met Subramanian Ramadorai, former Vice-Chairman of Tata Consultancy Services and Chairman, Indian Institute of Information Technology (IIIT), Guwahati.He discussed several issues with Ramadorai related to TCS, TISS, IIIT-G, etc. to bring more excellence in Assam’s education sector adopting new ideas and technology.Sarma also had a discussion with SRCC Children’s Hospital Facility Director Rupesh R Choubey regarding strengthening paediatric healthcare facilities in Assam.He invited the hospital to work together in functioning of new Super Speciality Hospital in Guwahati, especially in Paediatric Neurology and Paediatric Cardiac Surgery sector.The chief minister directed the MD, National Health Mission, Assam, to draft an MoU in this regard.Sarma met Anita Rajan, Chief Executive Officer of Tata STRIVE, a skill development initiative of Tata Trusts at Taj Chambers, Mumbai.He sought cooperation of Tata STRIVE for Project Arohan, a four years mentorship programme of the Government of Assam for meritorious students.Apart from some other suggestions, Sarma urged the CEO to add the component of soft skills development for students in Project Arohan.He also held a meeting with Dr Shalini Bharat, Director of Tata Institute of Social Sciences (TISS) at the same venue and discussed several issues pertaining to strengthening the infrastructure and academic activities of TISS, Guwahati campus.The chief minister also held a virtual meeting with Dr Milind V Kirtane, a renowned ENT specialist, regarding strengthening the ENT treatment facilities in Assam.He urged Dr Kirtane to initiate a training programme from April this year to develop a team of specialists in Assam, the statement added.

Himanta urges investors to take advantage of customisable industrial policy & invest in Assam

Assam

Mumbai

HimantaBiswaSarma

New Delhi, Delhi, India

Tata Sons, the holding company of the Indian industrial conglomerate Tata Group, on Friday reappointed Natarajan Chandrasekaran as chairman for a second five-year term. ,The reappointment was backed by Ratan Tata, who is the chairman of Tata Trusts - which is the majority shareholder in Tata Sons. ,Tata Sons board met on Friday to review the last five years and consider the reappointment of its Executive Chairman N Chandrasekaran, it said in a statement. Also Read | Tata Group to replace Vivo as IPL title sponsors this year: Brijesh Patel,Ratan. N. Tata who was a special invitee to this meeting expressed his satisfaction on the progress and performance of the Tata Group under the leadership of Chandrasekaran. He recommended his term be renewed for a further five-year period, it said. The Board commended the performance of the Executive Chairman and unanimously approved the reappointment of Chandrasekaran as the Executive Chairman for the next five years. ,Chandrasekaran, 58, said, It has been a privilege to lead the Tata Group for the last five years and I am delighted at the opportunity to lead the Tata Group for another five years, in its next phase. Also Read | Ratan Tata welcomes Air India passengers with special message. Read here,Chandra, as he is usually referred to, took over the reins of Tata Sons in 2017 at a time when the group faced a leadership crisis and a trust deficit after the ouster of his predecessor, Cyrus Mistry, by the board. Until then, Chandra, a trusted lieutenant of the Tatas, had helmed TCS, the crown jewel and cash cow of the group. A large part of Chandra's tenure was spent fighting the legal battle with Mistry. He joined the Tata Sons board in October 2016, was designated chairman in January 2017 and took official charge in February 2017. He also chairs the boards of operating companies such as Tata Steel, Tata Motors, Tata Power and TCS. Also Read | Air India takeover: What happens after Tata Group assumes control?,In October last year, Tata Sons made a winning bid for Air India, bringing back an airline that the group had originally founded after nearly seven decades. The takeover was completed on January 27. ,The Tata group now has three airlines - Tata SIA Airlines, AirAsia India and Air India with a combined market share of over 25 per cent.

{\"time\":1644622084745,\"strCount\":2859,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"Tata Sons, the holding company of the Indian industrial conglomerate <a href=\\\"https://opoyi.com/topic/tatagroup\\\">Tata Group</a>, on Friday reappointed Natarajan Chandrasekaran as chairman for a second five-year term.&nbsp;&nbsp;\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The reappointment was backed by Ratan Tata, who is the chairman of Tata Trusts - which is the majority shareholder in Tata Sons.&nbsp;\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Tata Sons board met on Friday to review the last five years and consider the reappointment of its Executive Chairman N Chandrasekaran, it said in a statement.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/tata-group-to-replace-chinese-mobile-brand-vivo-as-ipl-title-sponsors-next-year-brijesh-patel\\\">Tata Group to replace Vivo as IPL title sponsors this year: Brijesh Patel</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"\\\"Ratan. N. Tata who was a special invitee to this meeting expressed his satisfaction on the progress and performance of the Tata Group under the leadership of Chandrasekaran. He recommended his term be renewed for a further five-year period,\\\" it said.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The Board commended the performance of the Executive Chairman and \\\"unanimously approved the reappointment of Chandrasekaran as the Executive Chairman for the next five years.\\\" \"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Chandrasekaran, 58, said, \\\"It has been a privilege to lead the Tata Group for the last five years and I am delighted at the opportunity to lead the Tata Group for another five years, in its next phase.\\\"\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/ratan-tata-welcomes-air-india-passengers-with-special-message-read-here\\\">Ratan Tata welcomes Air India passengers with special message. Read here</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Chandra, as he is usually referred to, took over the reins of Tata Sons in 2017 at a time when the group faced a leadership crisis and a trust deficit after the ouster of his predecessor, Cyrus Mistry, by the board. Until then, Chandra, a trusted lieutenant of the Tatas, had helmed TCS, the crown jewel and cash cow of the group.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"A large part of Chandra's tenure was spent fighting the legal battle with Mistry.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"He joined the Tata Sons board in October 2016, was designated chairman in January 2017 and took official charge in February 2017. He also chairs the boards of operating companies such as Tata Steel, Tata Motors, Tata Power and TCS.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/air-india-takeover-what-happens-after-tata-group-assumes-control\\\">Air India takeover: What happens after Tata Group assumes control?</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"In October last year, Tata Sons made a winning bid for Air India, bringing back an airline that the group had originally founded after nearly seven decades. The takeover was <a href=\\\"https://opoyi.com/english/tata-group-officially-takes-over-air-india\\\">completed on January 27</a>.&nbsp;\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The Tata group now has three airlines - Tata SIA Airlines, AirAsia India and Air India with a combined market share of over 25 per cent.&nbsp;\"}}]}

Shubham Banerjee

<ul>
 <li>The reappointment was backed by Ratan Tata, the chairman of Tata Trusts - the majority shareholder in Tata Sons</li>
 <li>The Tata Sons board met on Friday to review the last five years and consider the reappointment</li>
 <li>Chandrasekaran took over the reins of Tata Sons in 2017 from Cyrus Mistry</li>
</ul>

#NatarajanChandrasekaran

TCS Q4 results: Net profit surges 7% to Rs 9,926 crore, revenue grows 16%

Himanta urges investors to take advantage of customisable industrial policy & invest in Assam

Natarajan Chandrasekaran reappointed as Tata Sons chairman for 2nd term