TCS . .

RESULTS ANALYSIS

Q4 Results 2023 | SIMPLE SAFE SENSIBLE |

Tata Consultancy Services (TCS) has reported rise of 14.83% in its consolidated net profit at Rs 11,436 crore for fourth
quarter ended March 31, 2023 as compared to Rs 9,959 crore for the same quarter in the previous year. Consolidated total
income of the company increased by 17% at Rs 60,337 crore for Q4FY23 as compared Rs 51,572 crore for the corresponding
quarter previous year. The growth in the quarter was due to higher revenue from operations.

REVENUE FROM OPERATIONS

Total revenue from operations of the company increased 16.94% to Rs 59,162 crore in the fourth quarter ended March 31,
2023 as against Rs 50,591 crore in the same quarter last year, on the back of revenue growth in banking, financial services
and insurance segment.

SEGEMENT WISE REVENUE

Revenue from banking, financial services and insurance segment surged 15.85% to Rs 22,628 crore in Q4FY23 as against
Rs 19,532 crore in Q4FY22, revenue from manufacturing segment rose 12.10% to Rs 5,550 crore in Q4FY23 as compared to
Rs 4,951 crore in Q4FY22, revenue from Retail and Consumer Business increased 19.05% to Rs 9,773 crore in the fourth
quarter ended March 31, 2023 as against to Rs 8,209 crore in in the same quarter last year, while communication, media
and technology segment posted revenue of Rs 9,696 crore in Q4FY23 as against Rs 8,475 crore in Q4FY22 and revenue
from Life Sciences and Healthcare stood at Rs 6,585 crore in Q4FY23 as against Rs 5,416 crore in Q4FY22.

TOTAL EXPENSES

Total Expenses of the company jumped 17.64% to Rs 44,946 crore in the quarter ended March 31, 2023 as against Rs
38,208 crore in the quarter ended March 31, 2022, on the back of rise in employee benefit expenses, finance costs, cost of
equipment and software licences and depreciation and amortisation expense.

GROWTH ACROSS GEOGRAPHLES

In Q4FY23, growth among markets was led by UK which grew 17%. North America grew 9.6%, while Continental Europe grew
8.4%. Among emerging markets, Latin America grew 15.1%, India grew 13.4%, Middle East & Africa grew 11.3% and Asia
Pacific grew 7.5%. On a full year basis, among major markets, North America grew 15.3%, UK grew 15% and Continental
Europe grew 11%. In emerging markets, Latin America grew 17.3%, India grew 14.6%, Middle East & Africa grew 7.8% while
Asia Pacific grew 7.6%.

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RESULT ON STANDALONE BASIS

The company has reported marginal rise of 0.05% in its net profit at Rs 9,800 crore for the quarter under review as
compared to Rs 9,795 crore for the same quarter in the previous year. Total income of the company increased by
15.24% at Rs 51,213 crore for Q4FY23 as compared Rs 44,440 crore for the corresponding quarter previous year.

RESULT ON YEARLY BASIS

For the year ended March 31, 2023, the company has reported 2.41% rise in its net profit at Rs 39,106 crore as compared
to Rs 38,187 crore for the previous year. Total income of the company increased by 16.60% at Rs 1,95,682 crore for year
under review as compared to Rs 1,67,827 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 10.02% rise in its net profit at
Rs 42,303 crore as compared to Rs 38,449 crore for the previous year. Total income of the company increased by
16.93% at Rs 2,28,907 crore for year under review as compared to Rs 1,95,772 crore for year ended March 31, 2022.

MANAGEMENT COMMENTS

Rajesh Gopinathan, Chief Executive Officer and Managing Director :

said: “It is very satisfying to look back at our strong growth in FY 2023, on top of the mid-teen growth in the prior year.
The strength of our order book demonstrates the resilience of demand for our services and gives us visibility for growth
in the medium term. Krithi and I are working closely to ensure that the leadership transition over the next few months is
smooth and seamless to all our stakeholders, and that TCS is well positioned to capture the opportunities ahead.”

N Ganapathy Subramaniam, Chief Operating Officer and Executive Director :

said: “During Q4 and through the year, we successfully delivered transformation programs of varying size and scale.
Cloud and Data continue to generate huge demand both internally from a talent perspective and externally from a
solutions point of view. We are embracing AI/ML holistically in our execution methods to leverage the huge data and
metrics that we have on our delivery performance over decades, to generate insights and raise the bar on quality and
experience to our clients.”

Office: 1/53C opposite to KIMS Main Gate, Jayanagar Extensions, Vidyanagar, Hubli-580021. Toll Free: 1800 889 0255 Email:
[email protected]
 Samir Seksaria, Chief Financial Officer :

said: “FY 23 was a year of transition, as supply-side challenges abated while pandemic-depressed travel and
discretionary spends normalized. We navigated this change well, without slowing down our investments in our people,
research and innovation and intellectual property. Our longer term competitiveness remains intact, giving us industry-
leading profitability even as we pursue our growth aspirations.”

Milind Lakkad, Chief HR Officer :

said: “As we grow the TCS family, I want to call out the stellar role played by our recruitment team in swiftly scaling up
hiring, and onboarding the best available talent, enabling TCS to meet its delivery commitments and capture growth.
We are honoring all job offers, and have added 22,600 employees on a net basis in FY 23. During the year, we onboarded
over 44K freshers and our highest-ever number of experienced professionals. We also doubled down on organic talent
development, obtaining over 53K cloud certifications during the year, bringing the total to over 110K employees certified
on hyperscaler platforms. This places us among the top 2 partners for the largest cloud providers.”

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Office: 1/53C opposite to KIMS Main Gate, Jayanagar Extensions, Vidyanagar, Hubli-580021. Toll Free: 1800 889 0255 Email:
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