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12-Jul-2024

Tata Consultancy Services

AI and Gen AI pipeline doubled to US $1.5 billion


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TCS hosted a conference call on July 11, 2024. In the call the company was represented by Mr K Krithivasan-CEO and MD, R Samir Seksaria-CFO and Mr Milind Lakkad-CHRO.

 

Key Takeaways of the call

The company had a good start for the fiscal year. Ability of the company to deliver on large scale complex engagements, projects of national importance, mission critical services for world’s large corporate has helped win market share.

Revenue: Revenue during Q1FY2025 quarter increased by 5.4% YoY to Rs 62613.0 crore. In US $ terms revenue for the quarter stood at US $ 7505 million a growth of 3.9% YoY, in constant currency terms the growth was 4.4% YoY.

All the major markets and verticals returned to growth sequentially (except CMI vertical).

By Industry verticals, growth was led by manufacturing which grew by 9% YoY followed by Energy, Resources and Utilities vertical whic...



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