Telecom Lead India: Tata Consultancy Services (TCS)
said its income from telecom, media and entertainment business grew to Rs
1608.29 crore in the fourth-quarter of 2011-12 from Rs 1351.98 crore for Q4
For the whole year ended March 31, 2012, TCS’ telecom,
media and entertainment business posted revenue of Rs 6204.69 crore, against Rs
5292.45 crore for the year ended March 31, 2011.
TCS’ total annual revenue increased to Rs 48,894 crore
($10.17 billion), up 31 percent for FY 2011-12.
The company generated revenue of Rs 13,259 crore in the
fourth quarter, up 0.4 percent, against Rs 13,204 crore for the previous
The company posted net profit of Rs 2932 crore, up 1.6
percent, against Rs 2887 crore for Q3 2011. TCS’ infrastructure services,
enterprise solutions and BPO units cross $1 billion in revenues.
During the Q4, TCS partnered with one of the largest
European telecom companies to restructure their application and infrastructure
management services and help transition from legacy service vendors,
re-architect the solution delivery processes and transform to an end-to-end
managed services model.
Dipen Shah, head of fundamental research, Kotak
Securities, said, TCS results were in line with estimates on revenue and
profit front. The 3.3 percent volume growth was encouraging in a tough macro
environment. Management is also pretty confident of growing above the NASSCOM
average growth rate for FY13. We understand the company has adequate visibility
on customer spends and its own market share within that spends. TCS remains our
preferred pick in the large cap space.”
For its telecom, media and entertainment operations, TCS’
capital employed recorded at Rs 1901.26 crore for Q4 2012, against Rs 1680.01
crore for the Q4 2011.
We have carried our strong momentum through the fourth
quarter to close out a year of strong growth. We have kept our focus on
profitability and consolidated our market leadership,” said N Chandrasekaran,
CEO and MD, Tata Consultancy Services.
With our customer-centric approach, strong solution set
and investments in game-changing technologies like mobility, big data and
cloud, we remain well positioned to help our customers transform and drive
growth in their businesses,” Chandrasekaran added.
The company said that there was secular growth across
markets and industries during the financial year. North America grew by 29.6
percent to cross $5 billion while Europe including United Kingdom grew by 33.8
percent. All industry verticals grew in double digits during