TCS Q1 revenue up 16% to Rs 6,748 crore

Tata Consultancy Services (TCS) today said its revenue rose 16.1 percent to Rs 6,748 crore in the first quarter ended June 30, 2015.

TCS added 5,279 employees on net basis and the total number of TCS employees is 324,935.

The IT services company added ten clients in $20 million range, one additional client each in $50 million and $100 million.

TCS CEO and MD N Chandrasekaran said: “Demand from our core markets like North America and greater traction for Digital solutions in key verticals like Financial Services, Retail and Life-Sciences has driven volumes and growth in Q1.”
TCS is investing to train over 100,000 professionals this year in all relevant technologies.
TCS CEO N Chandrasekaran

During Q1, TCS posted the incremental revenues of $136 million driven by strong growth across core markets led by North America, UK, Europe, MEA and Asia-Pacific. Growth among industry segments was led by Retail, Life Sciences, BFSI and Telecom. Asset-Leveraged solutions led the growth among service lines followed by Infrastructure, Assurance and BPS.

The attrition rate of TCS was 15.9 percent including BPS. The percentage of women in TCS rose to 33.5 percent while the number of nationalities increased to 124.

Baburajan K
[email protected]