TCS strengthens global market position in FY14; growth momentum continues
PR Newswire Association LLC |
Annual Highlights for 2013-14 |
Highlights for 4th Quarter 2013-14 |
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Commenting on the 2013-14 performance,
Looking forward to financial year 2014-15,
There was holistic growth across markets and industries during the financial year.
TCS' full services capabilities continue to be leveraged by customers with new service lines growing at a fast pace led by Infrastructure Services, Assurance Services,
Among the new initiatives taken in the last 12 months by TCS were:
- Launch of a unique all-female Business Process Service center in Kingdom of Saudi Arabia
- Inauguration of new 10,000 seat campus in Gandhinagar,
Gujarat - Launch of a new 10,000-seat
Corporate Learning Center in Trivandrum - Title sponsorship of the TCS New York City Marathon for 8 years starting
November 2014
Key Digital Wins in Q4
- Engaged by large Australian retailer for multi-channel enablement of merchandising systems using master data management
- Selected by a major
European Bank for a consulting engagement to define strategic roadmap leveraging Big Data for its credit risk transformation program - Chosen by a leading merchandiser to rollout a field sales mobile application in
Asia Pacific - Chosen by European supplier of photolithography systems to strategize and execute all its mobility projects
- Engaged by North American insurance firm to enhance property casualty management using Big Data
- Selected by a leading US telecom service provider to create a real time ecosystem for data-driven decision making
- Implementing a customer decision platform to enhance guided behavior for a
North America based leading Telecom provider - Engaged by a global aerospace product manufacturer to develop creative user experience designs
- Engaged by a global
Hi-Tech Company to transform their sales and operations Business Intelligence systems using Big Data technologies - Engaged by a British pharmaceutical and healthcare company to transform its supply chain analytics using Big Data
- Define and execute strategy for Master Data Management programs for North American aircraft engine manufacturer
- Consult on transforming order-to-cash business processes using Big Data for European telecom manufacturer
- Create integrated marketing and technology platform for large global media and information services firm
- Redefining customer interfaces for leading
North American Insurance provider for all online platforms - Develop field force solution for a direct broadcast satellite television provider in
India - Engaged by leading
UK Bank for developing a suite of consumer facing mobile applications - Engaged by European telecom manufacturer to perform consumer analytics using the Big Data platform
- Develop patient survey mobile application for one of the largest US based pharmaceutical companies
- Engaged by a middle-east petrochemical company for mobile application development and testing
- Engaged by leading European Utility to operate and transform customer service processes with an aim to making them a leader in customer satisfaction within the industry.
- Selected by a North American Fortune-500 multi-specialty pharmaceutical company for a multi-year, multi-million dollar deal in the area of core infrastructure operations
- Awarded multi-year engagement by North American global leader in process manufacturing to transform and manage its global infrastructure
- Selected by large European insurer to enhance customer experience by modernizing its IT footprint
- Selected by
Middle East based global shipping company to establish aShared Service Center covering Shipping Documentation and Finance & Accounting processes - Awarded a contract by a leading retail bank in
Middle East to transform & run mission critical systems & operations, leveraging TCS BaNCS and full spectrum of managed services. - Selected by leading Publisher to consolidate and transform technology infrastructure to accelerate digital transformation
- Selected by a leading European apparel and general merchandize retailer to manage their end-to-end application and infrastructure operations
Human Resources:
"We trained and integrated 61,200 professionals who joined TCS during 2013-14. With business demand continuing to be robust, we have made almost 25,000 fresh offers on engineering campuses for trainees who will join us from the second quarter of the new fiscal year." said
The total employee strength of the company stood at 300,464 professionals. In Q4, the gross employee additions were 18,564 and net employee additions were 9,751 professionals. Of these 7,572 Trainees and 7,401 Laterals recruited in
High utilization rates have been maintained in the fourth quarter with utilization excluding trainees at 83.8 per cent, while utilization including trainees was at 77.9 per cent. The overall attrition rate was at 11.3 per cent with IT attrition at a low of 10.40 per cent and BPS attrition below 15 per cent threshold to 14.90 per cent on a LTM basis.
The average age of a TCS employee is 29 years while 32.7 per cent of the workforce comprised of women with 118 nationalities represented in the workforce.
Innovation and Intellectual Property:
As of
Awards and Recognition
Business Leadership:
- Recognised as world's Fastest Growing Global IT Services brand by Brand Finance, the world's leading brand valuation firm
- Recognized as one of the 'Achievers 50 Most Engaged Workplaces' in
United States for second year in a row - TCS won RASBIC awards for sixth year in a row at the
World HRD Congress :- Best Overall Recruiting & Staffing Organization of the Year
- Recruiting & Staffing Industry Leader of the Year
- Best Use of Technology for Recruiting
- Innovation in Recruitment
- Best Social Networking Recruitment Effort
- Best Employee Referral Program
- TCS BPS grabbed four awards at the 'BPO Excellence Awards 2014:
- BPO Organisation of the Year
- Operational Excellence & Quality
- Best Employer Brand of the Year
- 'Social Change' Agent
- Won Indian MAKE Award for 2013 for a second consecutive year
- TCS
UK wins Gold Award for 'Innovation in Learning' - TCS
China won two awards at the 2014- 22nd Global HR Excellence and Benny Awards  Â- Compensation Benefits Insurance Program
- Talent Management
- 4 awards at
World HRD Congress 2014- Talent Management
- Innovation in Recruitment
- Contribution to cause of education
- Fun at Work Initiatives
- Winner of  ServiceNow's most significant Education and Enablement Partner Award 2013
- TCS
China recognised in 'Deloitte Technology Fast 500 Asia Pacific 2013' ranking - Ranked as the No. 1 Employer in
Europe byTop Employers Institute - Certified as leading employer in eight European countries -
Belgium ,Denmark ,France ,Germany ,Netherlands ,Sweden ,Switzerland and theUnited Kingdom
- Certified as leading employer in eight European countries -
- Recognised for distinction in Assurance and Software Test Automation at Fifth Annual ATI Automation Honors
- LegalEra Awards 2014
- Best Global In-House Legal Team of the Year
- Best
General Counsel of the Year
- FinanceAsia
- Best Managed Company
- Best Investor Relations
- Most Committed to a Strong Dividend Policy
Sustainability:
- TCS wins Global CSR Excellence and Leadership Awards:
TCS' Research Scholar Programme and Adult Literacy Programme were each awarded prizes in the category of Education & Training - Social Enterprise
About
<org value="Bombay:532540" idsrc="xmltag.org">Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS,infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Modelâ¢, recognised as the benchmark of excellence in software development. A part of the Tata group,
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Unaudited Condensed Consolidated Statements of Comprehensive Income For the years ended (In millions of USD, except per share data) |
||
Year ended |
Year ended |
|
 Revenue |
11,568 |
13,442 |
 Cost of revenue |
6,229 |
7,079 |
 Gross margin |
5,339 |
6,363 |
 SG & A expenses |
2,215 |
2,457 |
 Operating income |
3,124 |
3,906 |
 Other income (expense), net |
199 |
|
 Income before income taxes |
3,323 |
4,170 |
 Income taxes |
741 |
996 |
 Income after income taxes |
2,582 |
3,174 |
 Minority interest |
28 |
35 |
 Net income |
2,554 |
3,139 |
 Earnings per share in USD |
1.31 |
1.60 |
Â
Unaudited Condensed Consolidated Statements of Comprehensive Income For the three-month periods ended (In millions of USD, except per share data) |
|||
Three-month period ended |
Three-month period ended |
Three-month period ended |
|
 Revenue |
3,040 |
3,438 |
3,503 |
 Cost of revenue |
1,621 |
1,780 |
1,863 |
 Gross margin |
1,419 |
1,658 |
1,640 |
 SG & A expenses |
613 |
635 |
619 |
 Operating income |
806 |
1,023 |
1,021 |
 Other income (expense), net |
59 |
87 |
114 |
 Income before income taxes |
865 |
1,110 |
1,135 |
 Income taxes |
214 |
267 |
265 |
 Income after income taxes |
651 |
843 |
870 |
 Minority interest |
6 |
7 |
9 |
 Net income |
645 |
836 |
861 |
 Earnings per share in USD |
0.33 |
0.43 |
0.44 |
Â
Unaudited Condensed Consolidated Statements of Financial Position As of (In millions of USD) |
||
As of |
As of |
|
Assets |
||
 Property and equipment |
1,508 |
1,726 |
 Intangible assets and Goodwill |
645 |
693 |
 Accounts Receivable |
2,594 |
3,035 |
 Unbilled Revenues |
578 |
667 |
 Investments |
376 |
574 |
 Cash and Cash equivalents |
339 |
244 |
 Other current assets |
2,087 |
3,015 |
 Other non current assets |
1,436 |
1,519 |
 Total Assets |
9,563 |
11,473 |
Liabilities and Shareholders' Equity |
||
 Shareholders' Funds |
7,537 |
9,213 |
 Redeemable Preference Shares |
18 |
0 |
 Long term borrowings |
24 |
21 |
 Short term borrowings |
19 |
28 |
 Other current liabilities |
1,578 |
1,816 |
 Other non-current liabilities |
266 |
280 |
 Minority Interest |
121 |
115 |
 Total Liabilities |
9,563 |
11,473 |
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