Tcs Posted Kick Start Q1fy16 Result Season With Good Set Of Numbers

India's largest IT sector company, Tata Consultancy Services (TCS) posted good results in Q1FY16 after reporting subdue result during forth quarter of FY15. The sales revenue from operations during Q1FY16 rose by 6 per cent on sequential basis and 16 per cent yearly basis to Rs 25668 crore, as strong uptick seen in ‘Digital’ engagements across key verticals like Financial Services, Retail and Life Sciences. 

Interestingly, the total expenses reduced in this quarter by 7 per cent compared to last quarter. Operating income stood up at Rs 6724 crore, increased by 76.5 per cent on sequential basis and 13.3 per cent on yearly basis. The company’s PAT increased by 53.1 per cent on sequential basis and 2.1 per cent on yearly basis to Rs 5684 crore. On positive front, the company's volume growth in Q1FY16 stood at 4.8 per cent.

During the reported quarter, the company added total 20302 associates and 324935 total employees. TCS added ten clients in USD 20M+ band. After giving a strong pipeline and market adoption of digital across industries, now company is investing to train 100000 professional this year in all relevant technologies.

Commenting on the Q1 performance, N Chandrasekaran, CEO and MD of TCS,  said “Demand from our core markets like North America and greater traction for ‘Digital’ solutions in key verticals like Financial Services, Retail and Life Sciences has driven volumes and growth in Q1. Our significant investments in IP and platforms, digital capabilities and our execution track record gives us a firm foundation to capture growth in the current financial year.”