Telecom Lead Asia: Tata Consultancy Services’ revenue contribution from telecom decreased to 9.8 percent in FY 2013 from 10.5 percent in FY 2012.
Telecom business contributed 9.3 percent revenue in Q4 FY 2013 against 9.5 percent in the third quarter.
However, telecom continues to the third largest revenue contributor to TCS in FY 2013. BFSI contributes 43.1 percent revenue, while the second largest revenue contributor is retail and distribution at 13.3 percent.
During the fourth quarter, TCS signed a large transformational outsourcing deal to drive innovation, operational efficiency and building of new business capabilities for a leading European telecom handset manufacturer.
Tata Consultancy Services’ Q4 revenues increased 23.9 percent year-on-year to Rs 16,430 crore. The company’s net profit grew 22.1 percent to Rs 3,597 crore.
The biggest software exporter of India clocked in revenues of Rs 62,989 crore in FY 2013, up 28.8 percent. It reported net profit of Rs 13,941 crore for the period, up 30.9 percent over last year.
The company won orders from customers including Nokia and BNP Paribas. The number of TCS’ $100 million-plus customers increased from 14 in FY 2012 to 16 this year. It added 153 new clients during the year; with this, the active client base stands at 1,156.
N Chandrasekaran, CEO and MD, TCS, said: “TCS has delivered a year of strong growth with all markets and industry segments growing in double digits. Our ability to co-create with customers, remain relevant to their business and our investments in digital technologies are delivering tangible value as customers optimize, transform and grow.”