Fiscal Year 4 at Tata Consultancy Services Ltd. has been a strong-growth year, with the IT services provider’s revenue rising 10.7% on a constant currency basis. The UK region was a particularly productive area, with revenue up 17%, along with retail and consumer packaged goods, and life sciences both up 13% for the quarter.
The company also reported a net addition of 821 employees, indicating a promising outlook for the future. And of course, with the recent announcement of a new CEO and managing director, K Krithivasan, taking over from Rajesh Gopinathan effective June 1, TCS is in excellent hands.
“It is very satisfying to look back at our strong growth in FY 2023, on top of the mid-teen growth in the prior year,” said Gopinathan. “The strength of our order book demonstrates the resilience of demand for our services and gives us visibility for growth in the medium term.”
TCS’s shares closed today at 3,241.65 Indian rupees, with the company boasting a market cap of 11.76 trillion Indian rupees (US$143.3 billion). Such figures further demonstrate the success of the company and its strong