said: “Our investments over the last decade in building newer capabilities, and in research and innovation, position us well for the multi-year technology services opportunity ahead. While we continue to dominate in our traditional areas of strength, we are making good progress in gaining share in the growth and transformation opportunity. Our focus going into FY22 will be to engage with clients in their growth agenda, propelled by innovation and leverage of collective knowledge.”
In Q4FY21, TCS
added 19,388 employees to its payrolls on a net basis, its highest ever net addition in a quarter. The total headcount stood at 488,649, a net addition of 40,185 during the year. "The workforce continues to be young and very diverse, comprising 154 nationalities and with women making up 36.5% of the workforce," said the IT major which recently announced pay hikes for its employees despite coronavirus pandemic continuing to be prevalent.
The net profit for the fiscal ended March 2021 was up at Rs 33,388 crore (excluding legal claim provisions), from Rs 32,340 crore in the previous financial year.
Its net profit on a reported basis stood at Rs 32,430 crore for FY21.
had provided Rs 1,218 crore (USD 165 million) towards a legal case (relating to Epic Systems Corporation) in its consolidated statement of profit and loss for the year ended March 31, 2021.
The revenue was higher by 4.6 per cent to Rs 1,64,177 crore in FY21 from Rs 1,56,949 crore in the preceding financial year, the filing said.
The Board of Directors has proposed a final dividend of Rs 15 per equity share.
V Ramakrishnan, Chief Financial Officer at TCS, said the company's performance in the fourth quarter "caps three-quarters of consistently robust performance in a pandemic year, and gives us a strong exit from FY21".
"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," he added.
Ramakrishnan further said that all the investments made by the company over the years have positioned it strongly to expand its footprint in the large growth and transformation opportunity.
N Ganapathy Subramaniam, Chief Operating Officer & Executive Director, TCS said: “I am pleased to note that in FY 21, leading organizations partnered with TCS in their growth and transformation journeys. Many of them benefited from our refreshingly different consultative approach to shaping, contracting, executing, and measuring the success of transformation programs, always holding ourselves accountable for the