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The country's largest software services exporter, Tata Consultancy Services, began the fiscal year 2018-19 with vigor, with the quarter's results exceeding badysts' expectations on Tuesday.
"We are entering the new fiscal year with force Rajesh Gopinathan, CEO and MO, said at the registration of the company:" The vertical banking sector has recovered very well this quarter, while the other industrial sectors have maintained their momentum, "he added." With a good number of wins during the quarter, a strong pipeline of transactions and accelerated digital demand, we are well positioned for the future. "
The stock closed down 0.56% to Rs 1,877 before its earnings announced later in the day today, but during the quarter ended in June, it had jumped close by 30% to Rs 1,847.20
Here are 10 main points to remember from the April-June quarter:
Profit
The IT services company reported a profit of Rs 7,340 crores for the quarter, recorded 6.3% growth over Rs 6,904 crore in the previous quarter.
Growth was driven by other income as well as operating income. 19659002] Net income was higher compared to badysts' forecasts of Rs 7,000 crore for the quarter.
Income
Income from operations during the quarter increased by 6.8 percent to 34,261 crore compared to Rs 32,075 in the last quarter of fiscal year 18.
Anal First quarter dollar revenues increased 1.6% qoq to $ 5,051 million, while constant currency revenue growth was 4.1% qoq, the highest of the last 15 quarters.
The digital business figure contributed 25% to the total turnover, up 44.8% year-on-year against 42.8% in the fourth quarter of 1980.
Operating profit
Earnings before interest and taxes increased by 5.3% but the margin was 36 basis points to 25.04% due to higher wages.
The contraction of the margin is much better than the estimates of about 100 basis points. During the quarter, "V Ramakrishnan, chief financial officer said.
Selling, general and administrative expenses increased 3.6% qoq to Rs 5,600 crore in the first quarter.
Clients A ddition
TCS added 2 new customers in the $ 100 million category and 13 customers in the $ 5 million band.
Industries
Revenue growth s & # It is accelerated in BFSI (4.1% YoY and 3.7% QoQ) and Retail & CPG (up 12.7% and 3.6%) in the first quarter. energy and utilities (+ 30.9% and + 5.2%).
Manufacturing industry grew by 2.3%, QoQ, Telecom & Media 5.1%, Science of the life and health 4.3%, Technology & Services 2.4% 5.2% for utilities and 5.9% for regional and other markets
Geography wise performance
activi North America rebounded 7% year-over-year (3.7QM). 19659002] UK firms grew by 18.7% year on year (8.2% qoq), continental Europe 18.6% (5.3% qoq) and Asia Pacific 10.8% (3.6% quarter-on-quarter). 2.6% for QoQ but India fell by 1% and MEA (Middle East and Africa) by 4.6%.
Services
Business and technology services had a good quarter. Pipeline Across All
In digital transformation services, all services have experienced strong growth and a good pipeline as customers explore the complexities of digital re-imagining their business, the company said. "The first quarter was marked by strong demand for cloud advisory and migration services, GDPR-based IT security, identity and access management and managed security services, and more. intelligent process automation, TCS Enterprise Cloud Platform, Interactive Services, loT & Analytics. "
Human Resources
The total number of employees at the end of June has crossed the 4 lakh mark and is established at 4 00 875 on a base consolidated
"The percentage of women in the labor force increased by 35.6% The TCS reported that the attrition rate of computer services (last 12 months) fell by another 0.1% in the first quarter to establish at 10.9%, while the total attrition rate (including the 11.7%.
"We continue to invest in upgrading people's technological skills while leveraging their contextual knowledge and domain experience, this allowed us not only to create a dynamic and stimulating work environment, but also to have a strong digital solution capability delivering differentiated results to our customers, "said Ajoy Mukherjee, vice president t Executive and Global Head of Human Resources. Research and Innovation
As of June 30, 2018, the Company has filed 3,978 patents, of which 62 were filed during the quarter, and 715 patents have been issued.
Dividend [19659002] The board of directors of the company declared an interim dividend of 4 rupees per share
The interim dividend will be paid to shareholders of the company on July 25 2018.
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