Tcs q3 quarterly net profit at $1 billion _ pocket press release

MUMBAI, January 12, 2017: Tata Consultancy Services (BSE: 532540, NSE: TCS), the leading IT services, consulting and business solutions firm reported its consolidated financial results according to IFRS and Ind AS as on December 31, 2016.

Commenting on the Q3 performance, CEO and MD, N Chandrasekaran said: “The resilience of our business model and strength of our operating strategy has been brought to the fore by our performance in Q3, traditionally a quarter of weak demand. Currency of london england Our strengths in Digital, Platforms and Cloud as well as our deep knowledge of the customers’ domain are driving our ability to play a strategic role and make a holistic impact on the business.”

Mr Chandrasekaran added: “To support and sustain our Digital business that is growing at 30% on an annual basis, we continue to build new capabilities in Digital technologies, empower employees to enhance agility in the workplace and invest more to develop IP-based platforms and products. Currency of england in pakistan Some of these products and platforms are maturing with greater customer adoption while others continue to be incubated in our Innovation labs.


What currency is used in britain As digital adoption increases in 2017, we are well prepared to lead this change.”

Rajesh Gopinathan, Chief Financial Officer, said: “We have shown great discipline and control at all levels to deliver another credible quarter. Currency for britain Alongside a good growth performance, we have been able to keep profitability stable in our desired range and deliver over $1 billion in free cash flow during the quarter.”

During Q3, growth was led by Energy & Utilities (up 5.8% sequentially), Hi-Tech (up 2.6% sequentially), BFSI (up 2.1% sequentially), Manufacturing (up 2.1% sequentially) and Retail (up 1.9% sequentially) in constant currency.

From a geography perspective, emerging markets like Latin America and India clocked double digit growth of 12.5% and 10.3% sequentially respectively while North America grew 2.2% sequentially and UK grew 1.7% sequentially.

From a services perspective, strength in growing segments like Platforms, Cloud and Internet of Things is evident from the growth in Asset Leveraged Solutions (up 21% sequentially), Infrastructure services (up 9.5% sequentially) and Engineering and Industrial Services (up 3.1% sequentially).

· Engaged by a North America based investment services firm for a consulting engagement to define an end-to-end strategy for predicting commercial loan performance using machine learning

· Selected by a European multinational pharmaceutical company to empower employees Digitally as a part of initiative to reimagine the workplace

· Chosen by a leading North American insurance firm to transform their legacy claims program by using TCS proprietary Big Data product TCS Active Archive™

· Selected by an American multinational financial services corporation to deliver advanced analytics using a comprehensive data management framework developed using TCS Big Data methodology

· Chosen by a North American federal bank for an architecture and strategy consulting engagement to define their enterprise data strategy, operating model and execution roadmap

· Selected by a leading North American Utilities company to transform their customer experience through a state-of-the-art digital customer engagement platform across all channels

· Chosen as a Strategic Partner by a Global Financial Services major in North America to deliver Enterprise Infrastructure and Production Services leveraging IgnioTM, TCS’ cognitive automation product.

· Selected by a leading energy company in United Kingdom for next-generation initiatives to enable faster adoption of cloud-based infrastructure and applications

· Selected by a North American Tier-1 Manufacturer as a strategic global transformation partner to drive in business agility, operational efficiency and IT model refinements.

· Engaged by India government for the transformation of digital services in areas of customs, central excise and service tax to enable GST implementation and the ease of doing business.

· Selected by a leading European supplier of logistics & communication solutions to households and businesses to manage and digitally transform their core operational systems

As of December 31, 2016, the company has applied for 3161 patents, including 80 applied during the quarter. What is the currency of britain Till date the company has been granted 440 patents

The total employee strength at the end of Q3 was 378,497 on a consolidated basis with gross addition of 18,362 (net addition: 6,978) employees. What currency does england use 2013 The total attrition rate (LTM) further fell to 11.3% in IT services and was at 12.2% including BPS. The currency of britain The percentage of women in TCS rose to an all-time high of 34.6%.

“Our efforts and investments to build professionals with the right digital skills continues and now more than 190,000 TCSers are equipped with new capabilities to help our customers with their transformations. Great britain currency name We are also happy that our retention rates continue to rise as we remain engaged with our employees to help them succeed in a digital world,” said Ajoy Mukherjee, Executive vice president and Global Head, Human Resources.

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. Currency used in britain TCS offers a consulting-led, integrated portfolio of IT, BPS,infrastructure, engineering and assurance services. What does england use for currency This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. Great britain currency exchange rate A part of the Tata group, India’s largest industrial conglomerate, TCS has over 378,000 of the world’s best-trained consultants in 45 countries. Best uk currency exchange The company generated consolidated revenues of US $16.5 billion for year ended March 31, 2016 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. The currency of great britain For more information, visit us at www.tcs.com