TCS Q3 Revenue up 21% to 37,338 Crore, Net Profit up 24%

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Mumbai : TCS, India’s largest software exporter today reported Year on Year (YoY) 20.8% growth in Rupee Revenue at Rs.37,338 Crore.  Net income has grew by 24.1% to Rs.8,105 crore. The Earnings per Share (EPS) of the company has increased by 26.6% to Rs.21.60. The company has announced a dividend of Rs.4 per share.  Digital revenue of TCS has increased by 52.7% to 30% of the total revenue.

Revenue growth of the company continued to accelerate in BFSI (+8.6% vs +6.1% in Q2). Growth was led by Energy Utilities (+18.1%), Life Sciences & Healthcare (+15.7%)’ Communications & Media (+10.8%) and Retail & CPG (+10.5%). Revenue growth accelerated in all the geographies compared to Q2. Growth was led by UK (+25.1%), Europe (+17.6%), and Asia Pacific (+12.6%). North America grew 8.2%, India grew 9.7% and Latin America grew 7.6%.

“We are wrapping up 2018 with a strong revenue growth of 12.1% in the December quarter, which is the highest in 14 quarters, with continued growth acceleration in key verticals and across all geographies. The strong client metrics, industry leading growth in digital services, a very strong order book and deal pipeline are all validations that customers recognize our differentiated capabilities and are picking us for their growth and transformation programs.  On a secular basis, as large segments of the economy go through churn driven by digital disruption, enterprises are responding with technology-powered strategies – as in algorithmic retailing or connected cars – creating a huge oppprtunity for services providers like us” Rajesh Gopinathan, Chief Executive Officer and Managing Director, said.

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