Mumbai: India’s largest software company Tata Consultancy Services (TCS) reported a super year 2014, recording a revenue of RS 81,809 crore, a jump pf 29.9 per cent, a net profit jump of 37.5 per cent at Rs 19,117 crore and operating profit of Rs 23,808 crore. Growth came from their main markets in Europe, UK, Asia-Pacific and the US.
Declaring the company’s results on Wednesday, N. Chandrasekaran, chief executive officer and managing director, TCS, said they were able to maintain their momentum and strengthen their competitive position by among other things expanding their presence in newer markets like Europe in the last twelve months.
“Our strategic investments including those in digital technologies are providing compelling value propositions as well as helping us anticipate and shape new market trends successfully,” he said.
Mr Chandrasekaran said he sees FY 15 being even better than FY 14, though India will remain flat for at least the next two quarters. There were delays in closures because of the elections.
Chief financial officer Rajesh Gopinathan said the firm’s full services capabilities continue to be leveraged by customers with new service lines growing at a fast pace led by infrastructure and assurance services, global consulting and enterprise solutions.
Tata Consultancy Services total employee strength stood and 3,00,464 professionals and they added 18,564 employees in the fourth quarter and net employee additions were 9,751 professionals.
Tata Consultancy Services also plans to hire 55,000 employees this fiscal, including 25,000 freshers. “We are planning to hire 55,000 this fiscal. As far as campus hiring is concerned, it will be 25,000,” TCS executive vice-president and global human resources head Ajoy Mukherjee.
