TCS adds 19,388 employees at the end of its fourth quarter, records 14.9% y-o-y growth in net profit and 9.4% y-o-y growth in revenue

India’s largest software service exporter, Tata Consultancy Service (TCS), said it added at least 19,388 employees during its fourth quarter (Q4) ended in March. The IT giant hired 40,185 employees during FY 2020-21. At the end of the fourth quarter, TCS’s total headcount reached 488,649. The company said that at 7.2&%, the IT services attrition (LTM) had hit an all-time low.

TCS recorded a 14.9% year-on-year (y-o-y) spike in its net profit of ₹9,246 crores in Q4. Its revenue increased by 9.4% y-o-y to ₹43,705 crores in Q4. The company announced an interim dividend of ₹15 per equity share.

TCS’s CEO and Managing Director Rajesh Gopinathan said, “TCS’s investments over the last decade in building newer capabilities, research, and innovation position us well for the multi-year technology services opportunity ahead.”
“As we continue to dominate in our traditional areas of strength, we are also making good progress in the growth and transformation opportunity. Our focus going into FY22 will be to engage with clients in their growth agenda, propelled by innovation and leverage of collective knowledge,” he added.

TCS Chief Financial Officer V Ramakrishnan said, “I am very pleased with our performance in Q4. This caps three quarters of consistently robust performance during a pandemic year. It gives us a strong exit from FY 21. Our Q4 margins are a validation of our strong belief that it is possible to win mega-deals, post industry-leading growth, continue to invest in our people and newer capabilities, and still, deliver industry-leading profitability.”

For Latest IT Industry News, Follow us on Google News and Twitter