MUMBAI, India, April 12, 2021 /PRNewswire/ — Tata Consultancy Services (BSE: 532540, NSE: TCS), the main international IT providers, consulting and enterprise options group, reported its consolidated monetary outcomes in accordance to Ind AS and IFRS, for the quarter ending March 31, 2021.

FY 2020-21: Other Annual Highlights

This autumn FY 2021: Other Highlights

• Net Income: $4.513 Bn*; Net Margin: 20.3%*
• 
Employee Metrics:
      Net Addition: 40,185 workers 
       Employee Headcount: 488,649
     –
IT Services Attrition (LTM) at All-time Low: 7.2%
• Free Cash Flow: $5.13 Bn, +13% YoY
• Over $4.17 Bn of money returned to shareholders by way of buybacks and dividends

• Net Income: $1.267 Bn, +15.6% YoY 
• Net Margin: 21.2%, +1 % YoY
• Cash conversion: Operating Cash Flow 100.0% of Net Income
• Net Addition: 19,388 workers, highest ever in a qtr
• Final Dividend per share (proposed): `15

*Excludes authorized declare provision

Rajesh Gopinathan, Chief Executive Officer and Managing Director, stated: “Our investments over the last decade in building newer capabilities, and in research and innovation, position us well for the multi-year technology services opportunity ahead. While we continue to dominate in our traditional areas of strength, we are making good progress in gaining share in the growth and transformation opportunity. Our focus going into FY 22 will be to engage with clients in their growth agenda, propelled by innovation and leverage of collective knowledge.

N Ganapathy Subramaniam, Chief Operating Officer & Executive Director, stated: “I am pleased to note that in FY 21, leading organizations partnered with TCS in their growth and transformation journeys. Many of them benefited from our refreshingly different consultative approach to shaping, contracting, executing, and measuring the success of transformation programs, always holding ourselves accountable for the results.”

He added: “It is gratifying to bring down the curtains on FY21 with a solid performance on revenue, margins and deal momentum, all of which was possible due to the client-centric and `can do’ attitude of our associates rising to the occasion, keeping safe and healthy, professionally executing on SBWS™ and learning all the new products, toolkits and ways of working.”

V Ramakrishnan, Chief Financial Officer, stated: “I am very pleased with our performance in Q4. This caps three quarters of consistently robust performance in a pandemic year, and 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 in newer capabilities, and still deliver industry-leading profitability. All the investments that we have been making over the years position us strongly to expand our footprint in the large growth and transformation opportunity.

This autumn Segment Highlights**

Industries:  All verticals confirmed good sequential development, however a pair proceed to lag prior yr stage – BFSI (+7% QoQ, +13.3% YoY), Retail and CPG (+4% QoQ, -0.9% YoY), Life Sciences and Healthcare (+3.8% QoQ, +19.3% YoY), Manufacturing (+3.9% QoQ, +1.3% YoY), Technology & Services (+2.8% QoQ, +3.9% YoY) and Communications & Media (+1.8% QoQ, -4% YoY). On a full yr foundation, Life Sciences and Healthcare (+17.1%), BFSI (+2.4%) and Technology & Services (+0.2%) confirmed development whereas the relaxation proceed to be beneath prior yr ranges.

Markets: Growth was led by main markets – Continental Europe (+8.5% QoQ, +11.7% YoY), North America (+3.9% QoQ, +5.9% YoY), and UK (+3.4% QoQ, +1% YoY). Other markets grew nicely: Middle East & Africa (+4.2% QoQ, +10.6% YoY), India (+2.8% QoQ, +11.2% YoY), Latin America (+2.5% QoQ, +1.5% YoY), and Asia Pacific (+1% QoQ, +1.5% YoY). On a full yr foundation, with the exception of Continental Europe which grew +5.5%, all different markets proceed to be in adverse territory in contrast to the prior yr.

Services: Growth and transformation providers, pushed by shoppers persevering with on their multi-horizon transformation journeys, noticed robust demand. Advisory and Design providers proceed to acquire traction throughout enterprise stakeholders. There was strong development throughout the board, led by Cloud Platform Services, Enterprise Application providers, Cyber Security & Analytics.

  • Consulting & Services Integration: Strong rebound continues as corporations transfer from disaster administration to adapting to new beginnings. This autumn noticed an uptick in M&A and divestiture exercise with shoppers wanting to restructure for higher give attention to their goal markets and to elevate money for acquisitions. There was additionally robust demand for subsequent technology enterprise transformation, enterprise agility, and cloud technique & transformation providers.
  • Digital Transformation Services: Growth was pushed by growing investing in applied sciences and enterprise options to advance multi-horizon transformation imperatives. There was robust demand for knowledge modernization and enterprise analytics powered by DATOM™, DAEzMo™ and Decision Fabric™; clever related options leveraging TCS Bringing Life To Things™ framework; Cyber Defense suite of providers; distant work, automated and contact-less providers, buyer & worker expertise, and provide chain modernization.
  • Cloud Platform Services: Accelerating investments in holistic digitalization enabled by cloud drove robust development in public hyperscaler and non-public cloud providers, led by migration and modernization, cloud native utility growth, and collaboration providers.
  • Cognitive Business Operations: There was robust demand pushed by clients’ want for resilient enterprise operations and world-class experiences by way of built-in cognitive operations leveraging MFDM™ and CogniX™. Growth drivers included a number of first-time outsourcing offers, acceleration of digital adoption and hyper-automation, datacenter providers, Smart Workplace options, digital F&A, automation, service administration and pharmacovigilance providers.

** Growth in CC

Key Highlights

  • TCS has been chosen to lead the Supply Chain and Finance transformation for Walgreens Boots Alliance’s (WBA) wholesale enterprise. The transformation will allow WBA’s enterprise for sustainability and development, powered by fashionable applied sciences comparable to SAP S/4HANA and Manhattan on Azure cloud platform.
  • PGA Tour Superstore, an experiential specialty golf gear and attire retailer, has chosen TCS OmniStore™, an award-winning, unified commerce platform, to remodel the purchasing expertise of the retailer’s eight million clients, with ‘one-cart’ checkout, seamless omni-channel journeys, personalization, and versatile achievement with infinite stock throughout all shops.
  • TCS has entered into an settlement with State Street to assist improve its Retiree Services providing with the provision of a brand new profit fee expertise platform. TCS will leverage TCS BaNCS™ Retirement platform to allow State Street to present its shoppers entry to expanded operational capabilities and enhanced expertise.
  • BJ’s Wholesale Club, a number one operator of membership warehouse golf equipment in Eastern United States, expanded its current four-year relationship with TCS. TCS is now BJ’s main IT accomplice and will assist the system engineering of BJ’s related and clever operations throughout IT, infrastructure, high quality assurance, and Cloud. BJ’s can even leverage TCS’ Machine-first strategy to speed up its tempo of using cutting-edge applied sciences to future-proof operations, improve omnichannel buyer expertise and drive a aggressive benefit.
  • SODEXO SA, a worldwide chief in providers that enhance Quality of Life, has chosen TCS as its strategic accomplice for its [email protected] transformation journey in the direction of subsequent technology Application Management providers. TCS will assist Sodexo construct a strong basis for utility administration providers and thus lead the race in the direction of a cloud-first, analytics-led enterprise mannequin by way of standardization, simplification, and agility with the function of enhancing the digital expertise of Sodexo customers.
  • Virgin Atlantic Airways Limited UK has chosen TCS as its strategic accomplice with end-to-end possession of Technology Operations and Digital Transformation. TCS will lead the cloud-first digital transformation to present best-in-class expertise on a brand new fashionable and simplified expertise platform to drive higher buyer and worker experiences.
  • Carrefour Belgium, a part of one in every of the world’s main meals retailers, the Carrefour Group, has chosen TCS to create its new digital core platform based mostly on SAP S/4HANA and different options. In order to address the challenges of the growing pace of evolution of the retail exercise, Carrefour needs to renew its processes from forecast to achievement. With the new digital core, the retailer goals to enhance customer support with new cell options in addition to true omnichannel product and service choices, and additionally enhance provide chain insights.
  • Selected by a North American Logistics firm as a strategic accomplice to remodel its IT infrastructure and enhance Operational Efficiency by way of Cognitive Automation, rationalization and standardization to assist enterprise development and elevated demand.
  • Selected by a US-based biopharmaceutical providers supplier, as their strategic infrastructure and purposes transformation accomplice to ship enriched consumer expertise by way of persona-based providers, hyper-automation and cloud adoption. TCS will present managed providers by leveraging CogniX™ for infra, knowledge, cyber safety, ERP & different enterprise purposes, and additionally collaborate in carving out the product growth & imaging enterprise. The partnership will assist leverage technological options to assist buyer in service harmonization by delivering progressive medical growth options that reinforce patients-first focus and advance world well being.
  • Selected by a UK-based subsidiary with operations in pharmacy, well being, and magnificence merchandise, as their strategic enterprise transformation accomplice to allow new digital providers and grow to be the chief in buyer expertise. TCS will implement an {industry} main cloud ERP, integrating companies throughout the group, overlaying finance, provide chain, and warehouse operations, organizational change administration, and knowledge administration. The answer will allow new digital channels, enhance buyer expertise, simplify consumer’s enterprise operations and allow a future monetary shared providers working mannequin.
  • Engaged by Honeywell Inc, a number one manufacturing and management techniques firm, as the strategic accomplice of their provide chain processes transformation program. TCS will implement new options, modernize current processes, and roll-out international design templates, by deploying a number one Supply Chain administration platform. This answer will allow the buyer to improve provide chain visibility and enhance buyer expertise.
  • Selected by a UK-based mutual life insurance coverage firm as the strategic accomplice to strengthen its market place. TCS might be the sole accomplice for coverage techniques providers and transformation to a brand new platform, and future change packages. This effort will assist enhance buyer expertise and simplify operations by way of the consolidation of a number of legacy purposes.
  • Selected by a US-based agricultural merchandise retailer and providers supplier to develop a modernized answer with TCS subsequent gen digital ERP transformation capabilities. This will permit the buyer to create a holistic view of course of, coverage, individuals, and expertise and have steady enhancements by way of TCS’ Perpetual Business Transformation (PBT) framework including certainty to enterprise worth realization.
  • Chosen by a number one supplier of engineering and expertise providers headquartered in UK for integration and assist providers of asset efficiency and danger administration suite of merchandise leveraging TCS MFDM™.
  • Selected by a UK-based main supplier of extremely engineered electrical and digital parts for embedded firmware growth together with picture processing and validation of the subsequent technology imaginative and prescient merchandise.
  • Engaged by a number one Dutch-based financial institution to modernize its danger analytics operate and speed up its go-to-market initiatives, leveraging the energy of TCS’ ML Ops and superior analytics fashions. TCS can even remodel their international procurement to streamline spend administration, decrease provider danger and future proof capabilities.
  • Chosen by a number one US-based automobile rental firm as its strategic accomplice for knowledge warehouse modernization and cloudification on a number one hyperscaler cloud knowledge platform with AI and ML capabilities.
  • Selected by a number one UK-based telecommunications firm, to modernize and ship its knowledge and analytics packages with a main goal to enhance gross sales with Medium & Large Enterprises (MLE) and improve its digital leisure and advertising and marketing marketing campaign processes.
  • Chosen by a number one jet engines producer, as accomplice to develop their Digital platform for driving efficient collaboration between engineering and manufacturing to scale back non-conformance points.
  • Selected by a Middle-East based mostly main supplier {of professional} providers as a accomplice for the authorities’s Smart City program. TCS’ Smart City Platform Implementation will allow democratization of information for enhancing the wellbeing and high quality of lifetime of the residents and remodel the metropolis right into a world class sensible metropolis.
  • Selected by a number one Nordics-based communications and logistics answer supplier for providing ‘Track as you Go’ service to considerably scale back or remove pilferage of excessive worth gadgets throughout transit.
  • Selected a outstanding monetary providers organizations headquartered in UK for its digital transformation journey to modernize its infrastructure, knowledge, and utility layers on cloud. This transformation will drive innovation at scale, improve enterprise agility and convey new providers to clients rapidly.
  • Chosen by a number one European telecom supplier as its strategic accomplice to assist its 5G rollout and accelerated hybrid cloud adoption. TCS can even be answerable for delivering Central Operation Services leveraging TCS’ Machine First Delivery Model™. TCS Cloud Exponence platform-based supply will allow the buyer with new methods of working, delivering agile and scalable providers to quick observe the transformation of enterprise assist techniques, boosting development and advancing their digital imaginative and prescient.
  • Selected by one in every of the largest grocery store chain in UK, to remodel their cloud working mannequin utilizing DevOps and containerization. TCS will leverage its Cloud Exponence platform to drive steady service enhancements, automation and agility in the buyer’s surroundings enabling development by way of digital channels.
  • Engaged by a significant European financial institution, as the cyber transformation accomplice to present managed providers in Identity and Access Management spanning consulting, engineering and operations. This initiative will assist scale back incidents, enhance effectiveness, improve privileged entry visibility and management.
  • Selected by an ANZ-based built-in providers firm as the strategic accomplice for end-to-end cyber vigilance operations. tcs will standardize the group’s safety providers to international requirements, present finish to finish managed detection and response, streamline identification and entry administration and handle expertise danger. 
  • Engaged by a number one pharmacy and healthcare firm headquartered in the US for accelerated cloud modernization initiative of its long-term care and clinic enterprise purposes. This initiative will speed up the ramp up of Covid-19 response program and present real-time entry to affected person info for improved service high quality.
  • Selected by a worldwide media and info providers firm to present centralized international cyber protection and risk response providers. TCS will ship these providers utilizing an built-in Security Orchestration and Automation Response (SOAR) & managed detection and response platforms aided by clever insights and metrics.
  • Chosen by a number one paint and coating manufacturing firm for a multi-year strategic cyber risk detection and vulnerability administration providers. TCS will allow speedy risk detection, triage and response, and assist scale back assault floor leveraging {industry} main expertise platforms.
  • Selected by a Canadian communications and media firm as its Digital implementation accomplice. TCS will leverage a cloud-first strategy to design and ship a brand new omnichannel expertise aimed at offering seamless expertise spanning on-line and retail channels for higher conversion and NPS.
  • Selected by an agricultural meals merchandise producer to redesign their advertising and marketing expertise panorama leading to higher leverage of central techniques and companions by aligning many markets to a typical mannequin as a part of the separation from a multinational CPG large. The imaginative and prescient is to supply markets with world-class advertising and marketing expertise, experience, and assist to enhance Return on Marketing Investment.
  • Selected by a worldwide chief in insurance coverage broking and danger administration as a accomplice for designing a buyer expertise platform. This engagement will enhance the internet promoter rating and return on funding by designing an internet expertise with a give attention to buyer acquisition and retention.
  • Chosen by a number one American funding administration agency to improve their shopper expertise throughout channels. TCS’ omni-channel answer will assist present a constant branding and seamless buyer expertise by way of multi-channel journey orchestration.
  • Selected by a number one wi-fi telecommunications merchandise producer as their Systems of Engagement (SoE) accomplice to remodel the buyer expertise on public dealing with internet channels. TCS will implement {industry} main expertise cloud applied sciences to allow extra personalised, quicker and constant expertise, enhancing conversion and engagement.
  • Selected by a significant agricultural commodities and merchandise firm to undertake a business-led transformation program which is able to present a platform for development and future readiness. As a part of the engagement, TCS will assist the buyer to standardize the ERP platform and enterprise processes throughout the enterprise utilizing a worldwide template.
  • Selected by a number one international life sciences firm to complement its business-led initiatives that embody reworking its Finance, Order to Cash, Supply Chain and Manufacturing enterprise processes. TCS will assist allow smarter resolution making, modernization, improved accuracy & productiveness and pattern identification thereby main to improved operational and monetary outcomes.
  • Engaged by a US-based biopharmaceutical firm as a accomplice to collectively design the integration of two distinct environments after its acquisition of an entity that can diversify its enterprise whereas sustaining its give attention to progressive science. The purpose of the engagement consists of minimizing variations in authorized, regulatory compliance processes and enterprise gaps.
  • Selected by Sony Pictures Entertainment, a number one international leisure firm, as a most well-liked accomplice for his or her S/4HANA Realization program, a worldwide initiative to standardize and enhance accounting operations.  This new digital basis will assist on-going finance transformation throughout strains of enterprise, company capabilities and territories.
  • Chosen by a US-based property and casualty insurance coverage firm, to full pre-requisite of acquisition technique of two new strains of enterprise in a well timed method. TCS will improve providers functionality and assist them observe, handle advantages and lifecycle of policyholders, enhance buyer expertise and buyer retention. Additionally, TCS is organising a digital contact middle and paperwork administration system for its policyholders.
  • Selected by a number one power infrastructure and utility firm for IT transformation of its just lately acquired power corporations. TCS will consolidate, standardize and remodel IT infrastructure and safety operations, deploying its ignio™ cognitive automation suite to drive hyper-automation throughout the built-in operations. The answer will pace up their digital journey for quicker time to market, improve finish consumer expertise and scale back their whole value of possession.
  • Lufthansa Group Business Services (LGBS), the Germany-headquartered shared providers accomplice for the Lufthansa Group, prolonged and expanded its partnership with TCS by an extra 5 years. TCS will proceed to ship Revenue Accounting providers for the Lufthansa Group airways, and collectively with LGBS discover alternatives for steady enchancment and implement robotic automation.
  • Selected by a North American telecommunications company, as the accomplice of alternative to enhance its Retail and SMB Business, by offering finish to finish shopper assist from onboarding to fulfilment to retention, together with collections. TCS’ digital answer deploys NLP Bots to impact seamless migration to digital channels, enhance gross sales and buyer expertise and optimize operational prices.
  • Selected by a number one US semiconductor chip producer for end-to-end Finance and Accounting transformation, together with payroll. Leveraging TCS CogniX™ will assist scale back previous dues and disputes, duplicates and unapplied money, delivering vital enterprise consequence beneficial properties.
  • Engaged by a number one staffing firm as a accomplice to assist enhance their enterprise productiveness. TCS will leverage its MFDM™ framework to improve total effectivity and effectiveness of recruitment.
  • Selected by a number one Japanese firm specializing in optics and photograph expertise as a accomplice for divestiture of one in every of its enterprise teams. TCS will leverage its “Company in a Box” mannequin for MA&D, to setup enterprise group providers for the carved-out unit.
  • Chosen by a US-based massive {industry} tools rental firm as the high quality engineering transformation accomplice to assist their digital transformation packages for improved buyer expertise and total enterprise outcomes. As a part of the engagement, TCS can even arrange a Centre of Excellence leveraging TCS Smart QE Platforms.

“With changing times and need for business agility, Sodexo is undergoing a large transformation program to bring IT and digital synergies with benefits of standardization, new ways of working, and reduced time to market. With TCS, we look forward to accelerating this journey to enable us to reimagine the experience for the millions of our customers we serve across the world.”
Vera Ingallati,
VP IT, Global Application Management,
Sodexo

“To achieve Skanska’s strategic goal, it is imperative we work with partners who take the time to understand our business and our corporate values of being honest, open and collaborative. In TCS we have found a partner that understands our business and corporate values. Thanks to TCS’ deep domain knowledge of the engineering, procurement and construction (EPC) industry, digital thought leadership alongside its best-in-class capabilities on Oracle Cloud platform, they will be an essential partner in supporting us while we continue our journey to the cloud and overall digital transformation.”
– Per Boström,
Chief Information Officer,
Skanska

“As a people-focused business, we are fully committed to bringing valuable connections to our customers through technology innovations and providing best in class services and products. As we move to the next chapter in our partnership, TCS’ deep domain knowledge of this industry and advanced technology will enable us to achieve our vision of becoming a digital telco, as well as move further along our digital transformation journey.”
– Marielle Weijters,
Operations Director,
Technology Build – Fixed Network,
VodafoneZiggo.

“LIXIL is transforming to become a more inclusive, resilient and entrepreneurial company delivering long-term sustainable growth and performance. This project with TCS was a critical enabler of our transformation and the outcomes from this collaboration have advanced our efforts considerably. We appreciated the strategic ability, speed, and professionalism of the global team we worked with at TCS.” 
Jin Montesano
Executive Officer and Chief People Officer, LIXIL

“Leveraging the TCS solution and industry knowledge, SGSS has set up a technology platform aiming at providing the highest standard of service to its clients, well adapted to their business development requirements. With this successful deployment, sign of a strengthened cooperation, we offer a comprehensive suite of services, providing 24by7 true multi-entity, real-time processing with quick time to market. With the TCS BaNCS solution being at the forefront of the fintech industry, we provide better user experience to our clients while improving our operational efficiency.”
Mathilde Guerin
Head, Transformation & Technology Delivery,
Societe Generale Securities Services.

“The new agreement reaffirms our confidence in the decade long partnership with TCS and we look forward to continuing to work together to deliver Nationwide’s IT strategy. Our continued technology investments will simplify our IT estate and create the platforms and services necessary to meet the future needs of our members. The partnership with TCS will help us meet these challenges while prioritising the security and resilience our members expect every day.”
Gary Delooze,
Chief Information Officer,
Nationwide Building Society

Research and Innovation

As on March 31, 2021, the firm has utilized for 5,879 patents, together with 245 utilized throughout the quarter, and has been granted 1,850 patents.

Human Resources

In This autumn, TCS add 19,388 workers to its rolls on a internet foundation, its highest ever internet addition in 1 / 4. The whole headcount stood at 488,649, a internet addition of 40,185 throughout the yr. The workforce continues to be younger and very numerous, comprising 154 nationalities and with ladies making up 36.5% of the workforce.

TCS’ natural expertise growth initiatives continued to ship industry-leading outcomes. Employees logged 43 million studying hours in FY 2021, leading to over 379,000 workers getting educated on a number of new applied sciences, and over 457,000 educated on Agile strategies. The firm continues to be the employer of alternative, with industry-leading expertise retention. IT Services attrition price (LTM) was at 7.2%.

“With the second wave of the pandemic upon us, our top priority is once again to secure the health and personal wellbeing of our workforce across the world. We are looking at ways to expedite vaccinations for eligible TCSers wherever local regulations allow it, and in the meantime, urge everyone to stay safe, step out only if necessary, wear masks and practice physical distancing,” stated Milind Lakkad, Chief HR Officer. On the business side, our investments in organic talent development have been core to our ability to increasingly participate in our customers’ growth and transformation initiatives. Our organic talent development program anticipates the technology and business needs of our customers, and designs career paths that help our employees meet their aspirations, while building leaders and a future-ready workforce for TCS.”

Awards and Recognition

Business Leadership:

  • Ranked #1 in buyer satisfaction for the eighth consecutive yr in an unbiased survey of CxOs of prime IT spending organizations throughout Europe by Whitelane Research. Additionally, in the country-wise rankings, TCS was ranked #1 throughout the Nordics, the United Kingdom, Netherlands, Belux, France, Germany, Austria and Switzerland.
  • Named as the Technology Partner of the Year by Woolworths Group, for the second yr in a row, for the work executed by TCS throughout a number of transformation initiatives to help Woolworths’ continued innovation and development journey.
  • Ranked amongst the Top 3 manufacturers in IT providers by Brand Finance; TCS clocked the highest absolute model worth development in the sector in 2020 and was named the quickest rising model in the {industry} over the final decade (2010-2020).
  • Named a Global Top Employer by the Top Employers Institute for the sixth successive yr for its employee-friendly office practices and continued investments in build up expertise throughout the group by way of skilled growth initiatives and digital expertise packages. In addition, it has been licensed as a Top Employer in Europe, UK, North America, APAC, MEA and LATAM. It was ranked the #1 Top Employer in the US, UK, Finland, Switzerland, Singapore, Philippines, Malaysia, Hong Kong, Ecuador, Chile and Australia in the country-wise rankings.
  • Won two awards, Masters of Risk in Cyber Security Risk Management and Masters of Risk in Sustainability Risk Management, at the seventh version of the India Risk Management Awards (IRMA), offered by ICICI Lombard and CNBC-TV18.
  • V Ramakrishnan, CFO, TCS, acquired the FE CFO of the Year award underneath the Large Enterprises (Services Category), at the fourth version of FE CFO Awards.
  • Won the Corporate Citizen of the Year award at The Economic Times Awards 2020 for Corporate Excellence, which acknowledge and honour the finest and the brightest for entrepreneurial and enterprise success, together with coverage and reform achievements.
  • TCS Transforming India marketing campaign has gained the Best Integrated Campaign Award – Gold at the Exchange4Media – India PR and Corporate Communications Conference 2020.
  • Highly Commended in the class Best Enterprise AI Solution at The AIconics Awards for its AI-powered retail merchandizing and provide chain optimization software program suite, TCS Optumera™. The suite helps retailers make data-driven selections round right-sizing retailer house, shopper centric omni-channel assortment, pricing methods and compliance.
  • Won the India Digital Award – Mobile and App Award in the class Best Enterprise Product or Service, for its Digital Enterprise Governance Suite that empowers its leaders with real-time insights for clever governance.
  • Won the 2021 Data Breakthrough Award in the class Data Solution of the Year – Retail for its AI-powered retail optimization software program suite, TCS Optumera™. TCS was acknowledged for Helping Offer the Right Assortments and Pricing to Gain Competitive Advantage.
  • Won 11 awards at the 2020 Brandon Hall Group Excellence Awards in Technology – together with 4 Golds, 4 Silvers and 3 Bronzes in Best Advance in Technology, throughout areas of Learning and Development, Talent Management, Talent Acquisition, Workforce Management and Future of Work.
  • Won the 2021 CIO 100 Award for its Intelligent Urban Exchange (IUX) for Workplace Resilience software program.
  • Won the 2021 IoT Breakthrough Award in the class Enterprise IoT Management Innovation for its Intelligent Urban Exchange (IUX) for Workplace Resilience software program.
  • Honored with the CIO Choice 2021 award in the class Digital Transformation Enabler for its investments in analysis and innovation, robust area data throughout industries, rigor in service supply, and complete portfolio of providers and platform options together with IT and advisory providers, and digital office.
  • Conferred the CIO100 Special Award for Business Transformers, IDG India’s annual award program that acknowledges and honors organizations and their CIOs, for its digital transformation initiatives, together with its Secure Borderless Workspaces™ (SBWS™) working mannequin, its digital expertise platform, and AI-led answer for well timed monetary e book closure.

Partner:

  • Won the 2020 Salesforce Partner Innovation Award in the Media Industry class for serving to Equifax UK ship enhanced buyer experiences.

IFRS Financial Statements

Consolidated Statements of Comprehensive Income
For the Year ended March 31, 2020, and March 31, 2021
(In hundreds of thousands of $, besides per share knowledge)


Year ended

 March 31, 2020

Year ended

 March 31, 2021

Ex Adj*

Reported

 Revenue

22,031

22,174

22,174

 Cost of income

12,962

13,118

13,118

 Gross margin

9,069

9,056

9,056

 SG & A bills

3,655

3,315

3,480

 Operating revenue

5,414

5,741

5,576

 Other revenue (expense), internet

519

338

338

 Income earlier than revenue taxes

5,933

6,079

5,914

 Income taxes

1,377

1,549

1,513

 Income after revenue taxes

4,556

4,530

4,401

 Minority curiosity

15

17

17

 Net revenue

4,541

4,513

4,384

 Earnings per share in $

1.21

1.21

1.17

Consolidated Statements of Comprehensive Income
For the three-month durations ended March 31, 2020, and March 31, 2021
(In hundreds of thousands of $, besides per share knowledge)


Three-month durations
ended March 31, 2020

Three-month durations
ended March 31, 2021

Revenue

5,444

5,989

Cost of income

3,158

3,519

Gross margin

2,286

2,470

SG & A bills

920

862

Operating revenue

1,366

1,608

Other revenue (expense), internet

66

109

Income earlier than revenue taxes

1,432

1,717

Income taxes

330

445

Income after revenue taxes

1,102

1,272

Non-controlling pursuits

6

5

Net revenue

1,096

1,267

Earnings per share in $

0.29

0.34

*excludes authorized declare provision

Consolidated Statements of Financial Position
As of March 31, 2020, and March 30, 2021
(In hundreds of thousands of $)


As of March 31,
2020

As of March 31,
2021

Assets

Property and tools

1,583

1,653

Right-of-use Assets

1,060

1,040

Intangible belongings and Goodwill

547

603

Accounts Receivable

4,057

4,106

Unbilled Revenues

1,398

1,490

Investments

3,494

4,002

Cash and Cash equivalents

1,146

934

Other present belongings

1,976

3,102

Other non-current belongings

1,048

1,173

Total Assets

16,309

18,103

Liabilities and Shareholders’ Equity

Shareholders’ Funds

11,433

12,065

Other present liabilities

3,587

4,651

Other non-current liabilities

1,204

1,293

Non-controlling pursuits

85

94

Total Liabilities

16,309

18,103

About Tata Consultancy Services

Tata Consultancy Services is an IT providers, consulting and enterprise options group that has been partnering with a lot of the world’s largest companies of their transformation journeys for over 50 years. TCS provides a consulting-led, cognitive powered, built-in portfolio of enterprise, expertise and engineering providers and options. This is delivered by way of its distinctive Location Independent Agile™ supply mannequin, acknowledged as a benchmark of excellence in software program growth.

Part of the Tata group, India’s largest multinational enterprise group, TCS has over 488,000 of the world’s best-trained consultants in 46 nations. The firm generated consolidated revenues of US $22.2 billion in the fiscal yr ended March 31, 2021, and is listed on the BSE (previously Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS’ proactive stance on local weather change and award-winning work with communities throughout the world have earned it a spot in main sustainability indices comparable to the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For extra info, go to www.tcs.com and observe TCS information at @TCS_News.

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