TCS's Q4'18 results

Key highlights from TCS’s Q4’18 earnings release

  • Fiscal’18
    • USD Revenue of $19,089 Mn, growth of 8.6% YoY
    • Operating Margin of 24.8%
    • Net Income at $4,005 Mn, Net Margin of 21.0%
    • Fastest growth came from Continental Europe (~19%), followed by UK (~11%) - North America growth was ~5%
    • Energy & Utilities recorded biggest growth (~34%), followed by Travel & Hospitality - BFSI grew ~3% - During the conference call, there were lot of discussion about “green shoots” in the BFSI vertical
  • Total employees ~395K, with the attrition rate of 11% (this may be one of the lowest in the Indian IT services industry)

  • Capital Allocation
    • Declared a final dividend of Rs 29 per share, also approved a bonus of equity shares in 1:1 ratio
    • Over $4.1 billion of cash returned to shareholders in dividends and buyback
    • Committed to return 100% of free cash flow to shareholders