Growth for the quarter was led by large geographies and sectors. BFSI (banking, financial services, and insurance) grew 7 per cent on QoQ on a constant currency basis, led by large transformational deals, and core transformation. Retail and CPG (consumer packaged goods) grew 4 per cent sequentially and manufacturing was up 3.9 per cent. In terms of geography, North America grew 3.9 per cent QoQ, continental Europe 8.5 per cent, and the UK grew 3.4 per cent sequentially.
Other markets also grew well with West Asia and Africa showing 4.2 percent sequential growth, India 2.8 per cent, Latin America 2.5 per cent, and the Asia Pacific 1 per cent. The company delivered margin improvement as it continued to focus on operational efficiencies and sign large transformational deals. The margins for the quarter were 26.8 per cent, the highest since September 2015.
V Ramakrishnan, chief financial officer, said: “This caps three quarters of consistently robust performance in a pandemic year, and gives us a strong exit from FY 21. Our Q4 margins are a validation of our strong belief that it is possible to win mega-deals, post industry-leading growth, continue to invest in our people and in newer capabilities, and still deliver industry-leading profitability.”
Revenue in dollar terms grew by 5 per cent sequentially to $5,989 million in the quarter ended March 2021, and 10 per cent on a YoY basis. Technology companies
were among the worst hit after the pandemic stalled trade and forced employees to work from work, raising costs. The firms even lost billings as they generate most of their business overseas. The sector rebounded in the second quarter, aided by large deal wins and client spending on cloud computing, AI, and the internet of things as businesses moved online.
It has recommended a final dividend of Rs 15 per equity share.
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