TCS Q4 beats estimates: Top 10 takeaways

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Updated: Apr 18, 2016 6:06 PM

TCS beat estimates and reported 5.42 per cent quarter-on-quarter (qoq) rise in consolidated net profit figures at Rs 6,413.12 crore against net profit of Rs 6,083.39 crore in the sequential quarter ended December 2015.

tcs-ap-LIn pic: N Chandrasekaran, managing director and CEO, TCS. The company beat estimates and reported 5.42 per cent quarter-on-quarter (qoq) rise in consolidated net profit figures at Rs 6,413.12 crore against net profit of Rs 6,083.39 crore in the sequential quarter ended December 2015. (Photo: AP)

Tata Consultancy Services (TCS) announced its financial results for the quarter ended March 2016 on Monday after market hours.

Below are 10 key takeaways from TCS results:

Net Profit: TCS reported 5.42 per cent quarter-on-quarter (qoq) rise in consolidated net profit figures at Rs 6,413.12 crore against net profit of Rs 6,083.39 crore in the sequential quarter ended December 2015. TCS registered net profit of Rs 3,712.67 crore in the corresponding quarter a year ago.

Revenue: Consolidated revenue jumped 3.96 per cent qoq to Rs 28,448.61 crore. Topline of TCS stood at Rs 27364.01 crore in the sequential quarter ended December 2015.

Total Expenditure: For the quarter under review, the company reported total expenditure of Rs 21,068.54 crore, up 4.64 per cent, against Rs 20,133.88 crore during October-December 2015. Total Expenditure was at Rs 20409.14 crore in the same quarter last year.

Earnings per share (EPS): EPS of the company jumped to Rs 32.54 at the end of the quarter ended March 2016 from Rs 18.95 in the same quarter a year ago. EPS for the financial year 2015-16 stood at Rs 123.28 crore against Rs 101.35 in 2014-15.

Performance in FY16: In the financial year ended March 2016, bottomline of the company stood at Rs 24,291.82 crore, up 22.36 per cent, against Rs 19,852.18 crore a year ago.

Headcounts: In FY16, the company saw an all-time high gross addition of 90,182 employees with a net addition of 34,187 employees. In Q4 itself, there was a gross addition of 22,576 employees and net addition of 9,152 employees.

Attrition rate: The company witnessed an attrition rate of 14.7 per cent during the year for IT services, while the overall attrition rate stood at 15.5 per cent.

Dividend: TCS also announced a final dividend of Rs 27 per equity share, or 2,700 per cent, on face value of Rs 1 for the financial year ended March 31, 2016. The dividend will be paid on the seventh day from the conclusion of the Annual General Meeting (AGM).

Innovation and Intellectual Property: As on March 31, 2016, the company has applied for 2,842 patents, including 260 applied during the quarter. Till date the company has been granted 341 patents.

Digital Revenue: In FY 16, digital revenue grew 52.2 per cent due to faster adoption of digital solutions as customers moved to embrace a holistic digital transformation of the enterprise.

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