TCS Crosses Rs 50,000 Cr Revenue For The First Time
TCS Crosses Rs 50,000 Cr Revenue For The First Time, Earned Rs 110 Crore/day, & Hires 100,000 Freshers in a Year
Revenue from operations totaled Rs 50,591 crore in the fourth quarter, up 16% from Rs 43,705 crore a year ago. The revenue for the March quarter grew by 14% in constant currency terms.
Revenue for the company grew by 12% year-over-year to $6,696 million. The company has also recorded its highest ever order book TCV (total contract value) at $11.3 billion in Q4 and $34.6 billion in FY22.
Among TCS’ peers, Infosys, Wipro, and HCL Technologies, more large contracts have been won from businesses involved in cloud computing, digital payment infrastructure, crypto platforms, and cyber security.
Demand continued to be strong across all markets, industries, and services, with growth led by Cloud, Cyber Security, Enterprise Application Services, and IoT & Digital Engineering.
Milind Lakkad, Chief HR Officer, said the company is known for its “high talent retention, benchmark talent development metrics, continuous focus on health and well-being, and numerous industry awards” which make it the employer of choice.
Additionally, the management said that attrition is cooling off, and they expect it to go down in the coming quarters. The company also added 35,209 employees, the highest number ever for a quarter, during the January-March period.