Here are the key points from the article about Tata Consultancy Services (TCS) Q3 earnings:
Earnings Highlights:
- Consolidated net profit: ₹12,380 crore, up 12% year-over-year
- Revenue: ₹63,973 crore, up 5.6% year-over-year
- Attrition rate: 13%
- Workforce strength: 607,354, with 35.3% women and 152 nationalities
Segment-wise Performance:
- Consumer business group: 1.1% growth
- Energy, resources, and utilities: 3.4% growth
- Regional markets: 40.9% growth
- India market: 70.2% growth
- Middle East & Africa: 15.0% growth
- Latin America: 7.0% growth
- Asia Pacific: 5.8% growth
Dividend:
- Third interim dividend: ₹10 per equity share
- Special dividend: ₹66 per equity share
- Record date: January 17, 2025
- Payment date: February 3, 2025
Other Highlights:
- Total contract values (TCVs): $10.2 billion
- Book-to-bill ratio: 1.4
- Promotions: Over 25,000 associates promoted in Q3, taking total promotions for the year to over 110,000
- Campus hiring: Going according to plan, with preparations underway to onboard a higher number of campus hires next year
CEO’s Comments:
- K Krithivasan, CEO and MD, expressed confidence in the company’s long-term growth prospects, citing excellent TCV performance, return to growth in BFSI and CBG, and early signs of revival in discretionary spend in some verticals.