Tata Consultancy Services (TCS), reported its consolidated financial results according to IFRS US dollars for the quarter ended December 31, 2013.
Revenues at $3.44 billion; up 17% Y-o-Y
- International revenues grow 3.8% in dollar terms sequentially
- Hiring Target for FY14 increased further to 55,000 from 50,000
- Net Income at $ 858 million up 31.7% Y-o-Y
Financial Highlights for Quarter Ended December 31, 2013
Operating Profit at $1,023 million up 27.3 % Y-o-Y
Business Highlights for Quarter Ended December 31, 2013
- Gross employee addition: 14,663
- Total headcount: 290,713
- Utilization: 84.3% (excluding trainees) & 77.5% (including trainees)
- Number of $50m+ clients increases by 2; Number of $20m+ clients increases by 4
To view an unabridged version of this press release, visit: http://www.tcs.com/news_events/press_releases/Pages/TCS-Financial-Results-Q3-FY-2014.aspx
