Mumbai: Robust volumes and healthy growth across all industries and key markets helped TCS start the new financial year on a strong note, exceeding estimates of the Street.
Announcing the Q1 performance on Thursday, chief executive officer and managing director, N. Chandrasekaran said “our broad-based business portfolio continues to deliver results. We have a strong demand pipeline in place and our customer-centric mindset, leadership in the ‘Digital’ space and strong execution capabilities will help us to sustain our momentum.”
He also announced a special dividend of Rs 40 per share on the occasion of the 10th anniversary of TCS’ IPO.
An operating income at Rs 5,815 crore; growth of 19.6 per cent Y-o-Y and (7.4 per cent Q-o-Q) and an operating margin at 26.3 per cent.
During Q1, TCS posted the highest incremental revenue of $191 million in the last 15 quarters driven by holistic growth across markets led by North America, Europe, India and Asia-Pacific. Growth was seen across all industry segments led by Media & Information Servic-es, Life Sciences, Retail and Telecom with all non-BFS verticals growing in excess of five percent sequentially.
Rajesh Gopinathan, CFO, said: “During the quarter, our disciplined stance in operations helped us mitigate the impact of multiple headwinds like currency movements, accelerated depreciation norms and wage hikes during the quarter.”
