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TCS Announces Q1 FY23 Revenues Up 10.2% (Up 15.5% in CC) to $6,730m

Financial Results

by

published on Jul 08, 2022

TCS has announced Q2 FY23 results, for the period ending June 30, 2022:

  • Revenues were $6,780m, up 10.2% y/y, up 15.5% in CC
  • Operating income (EBIT) was $1,566m, a margin of 23.1%, own 2.4 pts y/y.

Q1 FY23 revenue mix by geography (with NelsonHall estimates of revenue) and CC y/y growth was:

  • North America 53.2% ($3,607m) +19.1%
  • Latin America 1.8% ($112m), +21.6%
  • U.K. 14.9% ($1,010m) +12.6%
  • Continental Europe 15.2% ($1,031m) +12.1%
  • India 4.8% ($325m) +20.8%
  • APAC 8.3% ($563m) +6.2%
  • Middle East/Africa 1.8% ($122m) +3.2%.

Q1 FY23 revenue mix by vertical (with NelsonHall estimates of revenue in US$) and CC y/y growth was:

  • BFSI 32.1% ($2,186m) +12.9%
  • Retail & CPG 15.9% ($1,078m) +25.1%
  • Communication & Media 6.8% ($461m) +19.6%
  • Manufacturing 9.9% ($671m) +16.4%
  • Life Sciences & Healthcare 10.1% ($685m) +11.9%
  • Technology & Services 8.8% ($592m) +16.4%
  • Regional Markets & Others 16.4% ($1,089m) +9.8%.

The number of clients generating annual revenue of (and at end Q1 FY22) was:

  • $10m+, 446  (405)
  • $20m+, 272 (241)
  • $50m+, 124 (102)
  • $100m+ 59 (50).

Headcount at end June 2022 was 606,331  a net increase during the quarter of 14,136.

VendorTata Consultancy Services
Initial currency type (specify local currency used)US$
Period Ending2022-06-30
Growth10.2
Revenues ((m) in local currency6780
Revenues (in $m at that date)6780

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