View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 22, 2009

TCS annual revenue tops $6bn despite weak Q4

Q4 revenue down 5% on year-ago quarter

By CBR Staff Writer

India-based IT services provider Tata Consultancy Services has reported a 17% decline in net income to $263m for the fourth quarter, compared to net income of $316m in the year-ago quarter, on revenue down 5% at $1.43bn.

Operating income grew 1% to $340m, while EPS fell 16% to $0.27. The company added 36 new clients and closed five large deals during the quarter. Geographically, Americas accounted for 57.2% of the total revenue, EMEA accounted for 30.7%, and Asia Pacific accounted for 12.1%.

For fiscal 2009, the company reported a 10% decline in net income to $1.12bn compared to $1.25bn a year ago, on revenue up 7% at $6.01bn. Operating income grew 12% to $1.42bn, while EPS fell 10% to $1.15.

S Ramadorai, TCS’s CEO, said: In an unpredictable operating environment, TCS delivered healthy topline growth of 23% and crossed the $6bn milestone in revenues. By focusing on operational efficiencies, collecting cash more efficiently and driving an enterprise-wide cost control program, we have improved our profit margins and continue to generate significant cash-flows. Even after the recent cash acquisition, we have cash of nearly INR 43bn ($852m).

Content from our partners
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape
Green for go: Transforming trade in the UK

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU