TCS : Year 12-13

India's largest IT company Tata Consulatancy Services announced Q4 revenues of Rs 16,430 crore, up 23.9% year-on-year and 2.2% quarter-on-quarter. The company posted net profit of Rs 3,597 crore for the period, a rise of 22.1% over the same quarter last year and 1.3% increase over the previous quarter. The results were largely in line with analysts' estimates.

The biggest software exporter of the country logged in revenues of Rs 62,989 crore for FY2013, an increase of 28.8 percent over the preceding year. It reported net profit of Rs 13,941 crore for the period, up 30.9 percent over last year.

The company won orders from customers including Nokia and BNP Paribas. The number of TCS' $100m-plus customers went up from 14 in FY12 to to 16 this year. It added 153 new clients during the year; with this, the active client base stands at 1,156.

Total employee strength of TCS stood at stood at 2,76,196 as of March 31, 2013. The company made a gross addition of 69,728 and a net addition of 37,613 to its total headcount in the fiscal.The company reported attrition rate of 9.4% during the quarter.

TCS CEO N Chandrasekaran said, "TCS has delivered a year of strong growth with all markets and industry segments growing in double digits." He further added, "Our ability to co-create with customers, remain relevant to their business and our investments in digital technologies are delivering tangible value as customers optimise, transform and grow."

The company remains confident of the fiscal year 2013-14. "We remain confident that 2013-14 will bring greater opportunities as tech plays an increasing role in re-imagining business. We continue to identify new growth engines and are investing ahead of the curve in products, platforms and intellectual property that is of great relevance to our customers and their growth. As an industry leader, we remain focused on sustaining our momentum," said Chandrasekaran.
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