New Delhi, October 10, 2024: Tata Consultancy Services (BSE: 532540, NSE: TCS) reported its consolidated financial results according to Ind AS and IFRS, for the quarter ending September 30, 2024.
Highlights of the Quarter Ended September 30, 2024
- Revenue at `64,259 crore, +7.6% YoY, +5.5% YoY in Constant Currency
- Operating Margin at 24.1%; a decline of 0.2% YoY
- Net Income at `11,909 crore, +5.0% YoY | Net Margin at 18.5%
- Net Cash from Operations at `11,932 crore ie 100.2% of Net Income
- Workforce strength: 612,724 | Net Headcount addition of 5,726
- Diverse and inclusive workplace: Women in the workforce: 35.5% |150 Nationalities
- LTM IT Services attrition rate at 12.3%
- Dividend per share: ` 10.00 | Record date 18/10/2024 | Payment date 05/11/2024
K Krithivasan, Chief Executive Officer and Managing Director, said: “We saw the cautious trends of the last few quarters continue to play out in this quarter as well. Amidst an uncertain geopolitical situation, our biggest vertical, BFSI showed signs of recovery. We also saw a strong performance in our Growth Markets. We stay focused on sharpening our value proposition to our clients, employees and other stakeholders”.
Samir Seksaria, Chief Financial Officer, said: “We made strategic investments this quarter in talent and infrastructure to ensure sustainable growth. Our disciplined execution resulted in superior cash conversion. Our longer-term cost structures remain unchanged, and we remain confident in our ability to continue delivering industry leading profitable growth”.
Milind Lakkad, Chief HR Officer, said: “We welcomed 11,000 associates in the first half of the year, and we remain on track for trainee onboarding as planned. We have also commenced the campus hiring process for FY26. Our strong talent base and increased learning intensity prepares us well for the complex technology transformations that customers entrust us with”.
