Q3FY24 Quarterly Result Announced for Tata Consultancy Services Ltd.
IT Consulting & Software company Tata Consultancy Services announced Q3FY24 results: Financial Highlights: Revenue at Rs 60,583 crore, +4.0% YoY, +1.7% YoY in Constant Currency Operating Margin at 25.0%, an expansion of 0.5% YoY Net Income at Rs 11,735 crore, +8.2% YoY, and Net Margin at 19.4% Net Cash from Operations at Rs 11,276 crore, which is 102% of Net Income Diverse and inclusive workplace: Women in the workforce: 35.7% and 153 Nationalities Investing in the workforce: 39.7 million learning hours YTD and 3.7 million competencies YTD LTM IT Services attrition rate at 13.3% Dividend per share: Rs 27.00, including Rs 18.00 as a special dividend on January 19, 2024 and payment date of February 5, 2024 K Krithivasan, Chief Executive Officer and Managing Director said, “Our strong performance in a seasonally weak quarter buffeted by macro-economic headwinds, demonstrates the strength of our business model with a well-diversified portfolio and a customer-centric strategy. We are seeing strong deal momentum across markets resulting in a solid order book providing visibility into our long-term growth. We are seeing tremendous interest in Generative AI and are leading the innovation and exploratory efforts for our customers in this area.” N Ganapathy Subramaniam, Chief Operating Officer and Executive Director said, “The quarter saw us make significant progress in many projects of national importance, demonstrating our execution strength. Our products and platforms had a strong quarter with new wins and go-lives. The MCX platform is scaling well and processing record transaction volumes. We are on course with the BSNL 4G/5G network rollout. We are making good progress in upskilling our employees in Generative AI through our AI playground platform.” Result PDF11-01-2024
