Tata Consultancy Services is an IT services, business solutions and outsourcing organization that offers a consulting-led, integrated portfolio of IT and IT-enabled services delivered through its unique Global 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 130,300 of the world's best trained IT consultants in 42 countries. The Company generated consolidated revenues of US $6 billion for fiscal year ended 31st March 2010 and is listed on the National Stock Exchange and Bombay Stock Exchange in India.

Business Highlights – Consolidated results for Financial Year 2009-10

• Revenue for the Financial Year 10 was $6.34 billion, up by 5.38% year-on-year
• Net profit surged by 29.01 percent to $1.45 billion. Net margins was up 429 basis points to 22.9%
• Volume growth at 17%
• Operating Profits stood at $1.68 billion, up by 18.02%; Operating margins was up 277 basis points (bps) sequentially at 26.5 %
• Net income after tax was $349 million; QOQ growth was 4.5%; YOY growth was 8.7%
• The net employee addition was 16,668, taking the total employee strength to 160,429

Shareholder Highlights

• FY10 EPS at $0.74

Business Highlights for Fourth Quarter 2009-10

•Q4 Revenues at $ 1,686 million – up 17.61% year-on-year and 3.07% quarter-on-quarter basis
•Volume Growth at 4.02%
•Operating Profits surged by 36.48 % to $ 464 million year-on-year and 3.8% quarter-on-quarter basis
•Net Profit surged by 59.69 % to $ 420 million year-on-year and 9.69% quarter-on-quarter basis
•Gross addition of 16,851 professionals in Q4; Net addition of 10,775 employees
•Attrition rate at 11.8 % on a LTM basis

Key Wins

• A European government agency awarded TCS a $500 M plus contract to be the administrator for their pension scheme. This full services deal leverages TCS portfolio of offerings across Financial Solutions, BPO, Remote Infrastructure Management, and IT Services
• In a multi-year deal worth over USD 100M, a leading global electronics conglomerate has chosen TCS as the strategic partner for end to end infrastructure services including business transformation
• World’s leading cruise operator has selected TCS as the IT partner of choice across the group
• A US based commercial insurance company selected TCS as its IT transformation partner to shift to a Managed Services operating model across all its IT operations
• A European headquartered, financial services company selected TCS as a Tier-1 partner to support its strategic objectives on ITO, Infrastructure, BPO, and KPO across their global locations
• TCS has signed a multi-million, multi-year deal with a global telecommunications provider for its European operations for managing their enterprise products in voice and data for their world-wide customer installed base
• TCS was awarded a multi year IT infrastructure management contract from a leading renewable energy company in Asia Pacific
• A leading global manufacturer of power systems has selected TCS to be their Engineering Services partner for product development and research services
• A leading retailer in North America has awarded TCS a multi-million dollar contract to streamline operations and drive efficiencies across its portfolio of applications