TCS grosses 4 billion plus

Tata Consultancy Services India's leading IT services, business solutions and outsourcing firm, reported its consolidated financial results according to US GAAP for the quarter and financial year ended March 31, 2007.

Highlights of 2006-07

Strong Growth momentum continues

• Total Revenues for 2006-07 at Rs 18,685 crore ($4.3 billion); up 41 % Y-on-Y
• Net Income for 2006-07 at Rs 4,213 crore ($969 million); up 42 % Y-on-Y
• EPS for 2006-07 at Rs 43.05 from Rs 30.32 in 2005-06
• Total Dividend for FY07 at Rs 11.50 per share, including proposed Rs 4 final dividend

Robust full services model

• 12 deals of $50m-plus closed during 2006-07
• Hi-growth services like BPO, assurance, infrastructure and consulting reach critical mass; comprise 18% of total revenues up from 10% in 2005-06
• Customer additions during 2006-07: 218

Growing Global Footprint

• TCS North America revenues cross $2 billion
• TCS Europe revenues cross $1 billion
• TCS Latin America revenues rise over 100% to $ 159 million
• New Development Center planned in Morocco. Mexico, Brazil, China GDCs to ramp up

Human Resource Update

• Lowest attrition rate in the industry at 11.3% LTM (including BPO)
• Global workforce: 9.6% of employees are overseas nationals
• 12,000+ campus offers made to trainees joining in 2007-08

Highlights for Quarter Ended March 31, 2007

• Total revenues at Rs 5,162 crore ($1.2 billion) up 6% Q-on-Q
• Net profit at  Rs 1,195 crore ($275 million) up 7% Q-on-Q
• EPS up from Rs. 11.40  in Q3 to Rs. 12.21 in Q4
• 43 new clients added in Q4
• 5,827 associates added in Q4
• Closed two $50 million-plus deals and one $35 million deal in Q4