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5 Key Takeaways From TCS Q4FY21 Results


Q4FY21 earnings season has kicked off with the IT giant TCS amid hopes that India Inc. will report robust results. Here are the key takeaways from TCS Q4FY21 earnings:

5 Key Takeaways From TCS Q4FY21 Results

Revenue growth:

As this provides for cues to the others in the industry, revenue growth at the company is a key metric and for the quarter came in at 4% to Rs. 43705 crore.Though there is no guidance on the revenue front that is offered by the largest IT company in the country.

There was an expectation that Tier I IT companies should report in robust numbers for the just ended March quarter. "We expect strong constant currency revenue growth of 4.2% to be driven by ramp up of Postbank and Prudential Financial deals. These deals will likely contribute about 2% to March 2021 quarter revenues," Kotak Institutional Equities said in a pre-earnings note.

Dollar revenue growth:

This variable which tells about the growth for the company in dollar terms has been at 5% to $5989 million owing to Postbank and Prudential deal wins as per brokerage firm Motilal Oswal.

Management commentary:

"The investments over the last decade in building newer capabilities, and in research and innovation, position us well for the multi-year technology services opportunity ahead. While we continue to dominate in our traditional areas of strength, we are making good progress in gaining share in the growth and transformation opportunity," Rajesh Gopinathan, Chief Executive Officer and Managing Director said.

Final dividend declaration:

Tata Consultancy Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 12, 2021, inter alia, have recommended a Final Dividend of Rs. 15 per Equity Share of Rs. 1 each of the Company which shall be paid / dispatched on the fourth day from the conclusion of the Annual General Meeting, subject to approval of the shareholders of the Company.

Deal wins:

TCS' order book at $9.2 billion in Q4FY21 was the highest ever total contract value (TCV) in a quarter, taking the total yearly order book at $31.6 billion, a 17.1 percent growth compared to previous financial year. Its TCV in Q3FY21 was at $6.8 billion.

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