TCS closes FY13 with sustained growth momentum; Annual Revenues at $11.6B up 13.7% & 16.2% in constant currency

 TCS closes FY13 with sustained growth momentum; Annual Revenues at $11.6B up
                      13.7% & 16.2% in constant currency

Annual Net Income at $2.6B; up 15.6% Y-o-Y

PR Newswire

MUMBAI, India, April 17, 2013

MUMBAI, India, April 17, 2013 /PRNewswire/ --

Annual Highlights for 2012-13         Highlights for 4^th Quarter 2012-13
                                        oRevenues at $ 3.04 b up 3.1% Q-o-Q
                                        oNet Income at $663 m up 1.8% Q-o-Q
  o$100m+ clients rise to 16 (14 in    oGross addition: 20,098 professionals
    FY12)                               oNet addition: 12,559 employees
  oGross addition: 69,728 employees    oAttrition rate: 10.6 % LTM
  oNet addition: 37,613 employees      oUtilization Rate (excl. trainees):
  oTotal employee strength: 276,196      82.0 %
                                        oUtilization Rate (incl. trainees):
                                          72.2 %

Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading IT
services, consulting and business solutions firm reported its consolidated
financial results according to IFRS for the quarter and financial year ended
March 31, 2013.

Commenting on the 2012-13 performance, N. Chandrasekaran, CEO and MD 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."

Looking ahead to FY14, Mr Chandrasekaran said: "We remain confident that
2013-14 will bring greater opportunities as technology plays an increasing
role in reimagining business globally. We continue to identify new growth
engines and are investing ahead of the curve in products, platforms and
intellectual property that is of great relevance to our customers and their
business growth." He added: "As an industry leader, we remain focused on
sustaining our momentum."

Rajesh Gopinathan, Chief Financial Officer, said: "Our growth has been
well-rounded in 2012-13 and we have endeavored to maintain our profitability
despite stiff headwinds and increased volatility through the year. We continue
to ensure cost discipline at an operational level while supporting diversified
business growth."

For TCS, there was balanced growth across markets and industries during the
financial year. All industry verticals grew during FY13. TCS' full services
capabilities continue to be leveraged by customers with service lines like
Infrastructure Services, Business Process Outsourcing, Assurance Services and
Global Consulting growing at higher than company average.

Key Wins in Q4

  oAwarded a large transformational outsourcing deal to drive innovation,
    operational efficiency and building of new business capabilities for a
    leading European telecom handset manufacturer
  oSelected by a North American retailer as a strategic partner for their ADM
    and infrastructure support
  oSelected as a Strategic partner by a leading European Post & Parcels
    company in its multi-million dollar enterprise IT transformation program
    aimed to bring in accelerated new technology adoption while increasing
    operational efficiency
  oEngaged by a large global bank to provide ADM services across multiple
    domains for their international business
  oSelected to provide operations support services to one of USA's leading
    mortgage servicers and lenders
  oTCS BaNCS Core Banking was selected by a well known North American Bank
    including its subsidiaries
  oAwarded a multi-year, multi-million application maintenance & support and
    infrastructure services contract by a Europe based global semiconductor
  oAwarded multi-million dollar contract by a market leader in diagnostic
    insights and innovation for its strategic initiative to improve IT
    effectiveness and efficiency
  oSelected by an European world-wide provider of molecular sample and assay
    technologies as a strategic partner for their full IT outsourcing program
  oTCS has entered into an agreement with a State government in North America
    to customize, implement and support unemployment Insurance that will allow
    the state to modernize and streamline its processes and business
  oSelected by a British multinational insurance company to provide
    application development, maintenance and assurance services across
    multiple lines of business

Human Resources:
"We have added, trained and integrated over 69,000 professionals during
2012-13. With business demand continuing to be robust, we have made almost
25,000 fresh offers on engineering campuses for trainees who will join us from
the second quarter of this fiscal year." said Ajoy Mukherjee, Executive Vice
President, Head, Global Human Resources. "Our efforts to increase retention by
engaging with our employees and offering them a progressive career path are
paying dividends with IT attrition rates falling further to below ten per

High utilization rates have been maintained in the fourth quarter with
utilization excluding trainees at 82.0 per cent, while utilization including
trainees was at 72.2 per cent. The overall attrition rate was lower at 10.57%
with IT attrition at a low of 9.40 per cent and BPO attrition falling below 20
per cent threshold to 19.5% on a LTM basis.

The average age of a TCS employee is 28 yrs. while 32.4% of the workforce
comprised of women with representation from 118 nationalities.

Innovation and Intellectual Property:
As of March 31, 2013, the company has applied for 1280 patents including 192
applied during the quarter. Till date, the company has been granted 81

Awards and Recognition
TCS was awarded the Business Standard "Company of the Year" award. The
company won the Institute of Chartered Accountants of India (ICAI) Gold Shield
award for excellence in financial reporting. The company was inducted into the
Medici Innovation Hall of Fame. The TCS legal team won the 'Best In-house
Legal Team of the Year in IT and Telecommunications Industry.'

TCS won several awards at World HRD Congress' annual meet including the
'Recruiting and Staffing Industry Leader of the Year' and 'Best Employer
Brand'. TCS won the following five awards under RASBIC including Best Overall
Recruiting and Staffing Organization of the year (4^th year in a row); Best
use of technology for Recruiting (6^th year in a row); Innovation in
Recruitment; Best Employee Referral Program and Recruiting and Staffing
Industry leader of the year (6^th year in a row).

TCS also won several HR awards globally: TCS China awarded '2012 Excellence in
HR Management'; HR Chile received an Award for HR Best Practices in Training.
TCS was also rated as 'Top Employer' in Belgium for 2013, 'Top Employer' in
Netherlands for 2013, TCS Germany and TCS Switzerland were certified as 'Top
Employer,' TCS Ecuador HR won two awards and the company also was ranked as
the Top Employer in Europe. TCS RMG was conferred the 'Global HR Excellence
Award' for 'Continuous Innovation in HR Strategy at Work'.

The company was recognized at the PR News CSR Awards in North America. TCS won
BPO Excellence Awards 2013. TCS received the 'Software Partner of the year for
EMEA' award from HP. The company also won the 'IT Innovation Award' from
NASSCOM-CNBC TV18. Among other awards TCS received included the MAKE award at
CII Knowledge Management Summit, TheKnowList Award for 'Outstanding
Achievement', and 'Best Performing Consultancy Brand' award in Europe.

About Tata Consultancy Services Ltd (TCS)
Tata Consultancy Services is anIT services,consultingand business solutions
organization that delivers real results to global business, ensuring a level
of certainty no other firm can match. TCS offers a consulting-led, integrated
portfolio ofIT,BPO,infrastructure,engineeringandassurance services. This
is delivered through its uniqueGlobal Network Delivery Model™, recognized as
the benchmark of excellence in software development. A part of the Tata group,
India's largest industrial conglomerate, TCS has over 276,000 of the world's
best-trained consultants in 44 countries. The company generated consolidated
revenues of US $11.6 billion for year ended March 31, 2013 and is listed on
the National Stock Exchange and Bombay Stock Exchange in India. For more
information, visit us

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SOURCE Tata Consultancy Services

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