Tata Consultancy Services (TCS), has announced impressive financial results for the quarter and financial year ended March 31, 2011.

Its annual revenue has crossed $ 8 billion, and Q4 net profit is up 31.1 % to touch 2,623 crores. The revenue for the same quarter stood at `10,000 crore +.

Other highlights:

FY11 Revenues at ` 37,325 crore ($8.2 billion); up 24.3% Y-o-Y

FY11 Operating Profits at `10,417 cr up 29.9%; OPM up 122 basis points at 27.9%

FY11 Net Profit at ` 9,068 crore; up 29.5% Y-o-Y; Net Margin up 98 basis points at 24.3%

Volume growth at 29.7%

FY11 EPS at `46.27

Total Dividend at `14 per share including `8 as Final Dividend



Commenting on the 2010-11 performance, N. Chandrasekaran, CEO and MD said: �Excellent execution and a constant focus on the customer has helped TCS round off a sterling performance in FY11 with strong growth in the fourth quarter while maintaining margins at historic highs.�

Looking ahead, Mr Chandrasekaran added: �The demand environment continues to be vibrant. There are opportunities across markets and industries. Ournimble organization structure together withour full-services strategy and domain-intensive solutions gives us a great platform to sustain growth. We continue to shape the adoption of next generation technologies by investing in new areas like mobility, analytics, social media and sustainability solutions.�

S. Mahalingam, Chief Financial Officer and Executive Director, said: �We have created a structurally robust cost base that is able to withstand a dynamic demand environment. The strength of this model can be seen from the steady improvement we have shown in operational and profitability parameters over the last four quarters.�

�While certain headwinds remain in the near-term and medium-term global macro-horizon, we remain confident of our ability to mitigate challenges as well as sustain business growth. We will continue to be relentless in running an efficient operation while ensuring the necessary investments are made to capture new growth opportunities,� Mr Mahalingam added.

There was secular growth across markets and industries during the financial year. Growth was led by the developed markets of the United States and Europe with strong contributions from Asia Pacific and Middle East and Africa in Q4. All industry verticals returned to the growth path during the year. In terms of services, TCS� full services capabilities continue to be leveraged by customers with our new service lines like Assurance, Infrastructure Services, Products and Enterprise Solutions growing at a fast pace.

Key Wins


o Selected by a leading consumer electronics company in Asia Pacific as its integrated, global infrastructure service provider

o Selected for a large multi-year, transformation and full services engagement by one of the largest banking groups based in the Middle East

o Partner for a US based specialty retailer for its transformation program to implement customer centric merchandizing solution

o Engaged by one of the world�s leading automotive companies to support their end to end enterprise application integration and infrastructure services across their global business value chain

o Won multi-year, multi-million dollar contract to provide application support, maintenance and development services to a world leader in industrial gases

o Strategic partner for a leading US health services provider for optimizing their IT spend

TCS BANCSTM

FY11 was a good year for the TCS BANCS with significant strategic wins in key markets like US, Europe and China. The company increased its footprint of products among global financial institutions with addition of 37 new customers during the year. Revenues from all three segments � Banking, Treasury and Capital Markets, Insurance - continued to show healthy growth across regions.

iONTM

The company�s portfolio of business solutions for SMBs on the cloud- iON - was launched into the market in the 4th Quarter of FY11. The unique solution stack addresses the end-to-end technology requirements of small and medium business units. The solutions have been received well by the market. The company has acquired 225+ customers across India since it was launched in 2011.

Diligenta

The company�s wholly owned subsidiary offering life and pensions solutions to the insurance industry in the UK continued to transform its business during the year by deploying TCS� new cloud-based platform for greater efficiencies and growth. Four million policies have now moved to the new platform and there is a growing market for its products and services.

Innovation and Intellectual Property:

As of 31 March 2011, the company has applied for 448 patents and has been granted 68 patents.