TCS
The biggest takeaway from the Q3FY17 numbers of TCS was that its profit , for the very first time crossed the US$1 billion mark. Net profit for the quarter came in at Rs.6778 crore, up 3% (QoQ) on a 1.5% rise in revenue at Rs.29.735 crore. Other income showed a good 13% jump at Rs.1192 crore. The main growth driver has been its digital business, which grew by a healthy 30% and its contribution to the revenue was at 16.8%, up from 16.5% (qoQ).
In terms of verticals, energy and utilities grew 6%, Hi-tech grew 3%, BFSI rose 2, manufacturing by 2% and retail also by 2%. In terms of geographic growth, North America grew 2.2%, UK by 1.7% but bets growth came in Latin America at 12.5% and India at 10.3%.
Its total employee strength currently stands at 3.78 lakh, with net addition of 6978 employees. Attrition rate fell to 11.3%, down for the 5th straight quarter. It added two new clients in the US$50 million category and 5 in the US$10 million.