TCS Q3 revenue up 3.9 % yoy

TCS Q3 revenue up 3.9 % yoy

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TCS reported results for the third quarter ended 31 December, 2017. The revenue for the quarter stood at Rs 30,904 crore. The net income was at Rs 6531 crore.

The board of Directors have declared a Third Interim Dividend of Rs.7 per Equity Share of Re.1 each of the Company and that the same shall be paid to the equity shareholders of the Company whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Tuesday, January 23, 2018 which is the Record Date fixed for the purpose.

The Third Interim Dividend will be paid to the equity shareholders of the Company on Wednesday, January 31, 2018.

Commenting on the Q3 performance, Rajesh Gopinathan, CEO and MD, said: “We wrapped 2017 with a strong performance in the December quarter, marked by the signing of industry-defining deals, robust client metrics and broad-based demand across industry verticals. As lagging parts of our portfolio turn around, and areas of softness reduce, we are well placed for stronger growth ahead.”

Gopinathan added: “Progressive organizations looking to take advantage of new opportunities in the Business 4.0 era are ramping up their Digital investments, and TCS has emerged as their preferred transformational partner. We signed our first $50Mn+ deal in Digital this quarter, crossing an important milestone in the mainstreaming of Digital technologies. The investments we have been making over the last few years in Research and Innovation, and in building intellectual property, are
giving us a distinct edge in the market in winning such large transformational programs.”

Q3 Segment Highlights
Industries: Most industry verticals grew above company average in Q3. The Retail and CPG vertical showed a strong turn around, growing 6.4% Q-o-Q. Growth was led by Energy & Utilities (+8.5% Q-oQ),Travel & Hospitality (+2.9% Q-o-Q) and Life Sciences & Healthcare (+2.5% Q-o-Q). On a year on
year basis, all industry verticals – with the exception of BFSI and Retail – grew above 9.5%, with four verticals growing in double digits Y-o-Y.

Markets: Growth was led by Latin America (+5% Q-o-Q), Continental Europe (+2.6% Q-o-Q) and North America (+1.5% QoQ). On a Y-o-Y basis, Continental Europe (+22.3%), UK (+8.2%) and India (+4.1%) performed very well. North America grew 2.8% YoY.