TCS earnings Q3 2010 , Positive growth across all industry verticals
DATE: January 15th, 2010
TCS quarter ending Dec 31st, 2009 earnings:Key highlights:
- Revenue – $1.64 billion (+10.3% YoY)(+6.3% QoQ)
- Net Profit – $384 million (+38.9% YoY) (+14.2% QoQ)
- Operating Margin – +103 basis point QoQ
- Growth in all verticals ( Infosys saw gains primarily in the BFSI and Energy sector, other sectors were flat or lower for Infosys) BFSI, Retail, Telecom, Technology, Energy and Utilities
- 32 new clients
- Net addition of 7,692 employees
- Attrition Rate – 11.5% ( IT Services – 10.8%, BPO – 18.3%)
- Ten new large deals. Added 7 new clients with revenues > $ 5 million per year
- Winning large UK Public Sector deal ( Cardiff)
- Winning two large Indian State Government deals
- BFSI Sector continues to show positive growth and leader in growth. ( Similar trends in Infosys earnings)
- Consulting revenues are typically 3 to 3.5% of total revenues and had come down to around 2.5% but show a positive momentum
- Engagement models for new deals nothing fancy – Standard Time and Material or Fixed Priced deals.
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