Q2FY23 Quarterly Result Announced for Tata Consultancy Services Ltd.
IT Consultancy and software company Tata Consultancy Services announces Q2FY23 results: Revenue at Rs 55,309 crore, up 18% YoY Constant Currency revenue growth: up 15.4% YoY Order Book at $8.1 billion, Book to Bill at 1.2 Operating Margin at 24%; contraction of 1.6% YoY Net Income at Rs 10,431 crore, up 8.4% YoY, Net Margin at 18.9% Net Cash from Operations at Rs 10,675 crore i.e. 102.3% of Net Income Net headcount addition of 9,840, Workforce strength: 616,171 Diverse and inclusive workplace: Women in the workforce: 35.7%, 157 Nationalities Building a G&T; workforce: 11.7 million learning hours clocked, 1.5 million competencies acquired LTM IT Services attrition rate at 21.5% Dividend per share: Rs 8.00 Rajesh Gopinathan, Chief Executive Officer and Managing Director, said: “Demand for our services continues to be very strong. We registered strong, profitable growth across all our industry verticals and in all our major markets. Our order book is holding up well, with a healthy mix of growth and transformation initiatives, cloud migration and outsourcing engagements. As clients prepare for a more challenging environment ahead, technologies like cloud that have been embraced now have to be fully leveraged to realize the promised value. TCS has the combination of contextual knowledge, technology expertise and execution rigor to deliver on this imperative." N Ganapathy Subramaniam, Chief Operating Officer and Executive Director, said: “This was another quarter of excellent execution that saw us delivering several transformational projects like the largest migration of 2.3 million policies to our TCS Insurance platform in one go in the UK, or the trading platform at the Gift City. Our delivery leadership congregated during the quarter and are raising the bar further on execution excellence with frameworks like Rigor in Transformation. We are pleased that our office facilities are becoming once again the place of buzz with more and more of our employees and clients celebrating togetherness to realize their full potential.” Result PDF10-10-2022
