N Chandrasekaran, Chief Executive Officer and Managing Director, Tata Consultancy Services joined the company in 1987 after completing his Masters in Computer Applications from Regional Engineering College, Trichy, Tamil Nadu in 1986. He also holds a Bachelor of Science in Applied Science from the Coimbatore Institute of Technology, Tamil Nadu. He is responsible for formulating and executing the company’s global strategy, Chandra has been at helm of several key strategic transitions at TCS since 2002 when he took over the role as head of global sales. In his previous role as Chief Operating Officer, he was the architect of the new organization structure unveiled in 2008, which created multiple agile business units focusing on domains and markets as well as built strategic business units in order to pursue new initiatives with the ability to invest, develop and mature new ideas. Chandra represents TCS on several global and local forums.
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata Group, India’s largest industrial conglomerate, TCS has over 238,583 of the world's best trained consultants in 42 countries.
Yash Ved of IIFL provides highlights of a media interaction where N Chandrasekaran says, “We see a good year ahead and will see growth for the next fiscal.”
Comment on your Q4 Performance?
We have carried our strong momentum through the fourth quarter to close a year of strong growth. We have kept our focus on profitability and consolidated our market leadership.
With our customer-centric approach, strong solution set and investments in game-changing technologies like mobility, big data and cloud, we remain well positioned to help our customers transform and drive growth in their businesses.
Looking ahead to FY13, TCS is well prepared to achieve balanced growth across the industries and markets it operates in, given its holistic portfolio of services which are now achieving significant scale across markets.
The company has become the first Indian IT company to cross the US$10bn milestone posting annual revenues of US$10.17 bn.
TCS is confident of beating industry-wide revenue estimate projected by NASSCOM for FY13.
The order book is healthy and has been continuously improving.
The BFSI sector remains flat. The company has signed three large deals in the quarter.
What is your outlook for the coming quarters?
We see a good year ahead and will see growth for the next fiscal.The pricing will be more or less stable. Our attrition levels are coming down.
Brief us about your international plans?
There was secular growth across markets and industries during the financial year. North America grew by 29.6% to cross US$5bn, while Europe including United Kingdom grew by 33.8%. All industry verticals grew in double digits during FY12.
Brief us about your financials?
The Group has posted a net profit of Rs. 28949.30 mn for the quarter ended March 31, 2012 as compared to Rs. 26229.30 mn for the quarter ended March 31, 2011.
Total Income has increased from Rs. 104010.70 mn for the quarter ended March 31, 2011 to Rs. 133579.50 mn for the quarter ended March 31, 2012.
The Group has posted a net profit of Rs. 104134.90 mn for the year ended March 31, 2012 as compared to Rs. 90680.40 mn for the year ended March 31, 2011.
Total Income has increased from Rs. 379285.10 mn for the year ended March 31, 2011 to Rs. 493220.00 mn for the year ended March 31, 2012.
What are your hiring plans for FY13?
The IT firm intends to hire around 50,000 new employees during FY13, compared to around 70,000 gross hire in fiscal 2011.
We have successfully undertaken the largest ever hiring effort in our history by adding and integrating 70,400 professionals during 2011-12.
With business demand continuing to be robust, we have made 43,600 offers on campuses for trainees to join us from the second quarter of this fiscal year.
High utilization rates have been maintained in the fourth quarter with utilization excluding trainees at 80.6%, while utilization including trainees was at 71.3%.
The overall attrition rate was lower at 12.2% with IT attrition at a low of 11.05% and BPO attrition at 21.6% on a LTM basis. The campus hiring process in India has been completed for FY12.