Tata Consultancy Services Limited · NSE:TCS
Tata Consultancy Services — Q1 FY2011 Earnings Presentation
28 slides from Tata Consultancy Services's earnings presentation, Jul 15, 2010
Slide 1: Results for Quarter I FY 2010 - 11
Results for Quarter I FY 2010 - 11 15th July 2010
Slide 2: Disclaimer
Disclaimer Certain statements in this release concerning our future prospects are forward-looking statements. Forward-looking statements by their nature involve a number of risks and uncertainties that could cause actual results to differ materially from market expectations. These risks and uncertai
Slide 3: Financial Performance
Financial Performance 15th July 2010
Slide 4: Indian GAAP Growth Summary
Indian GAAP Growth Summary Consolidated Indian GAAP (INR Crore) Q1 FY11 Q4 FY10 Q1 FY10 Total Income 8,217 7,738 7,207 % Growth Q-o-Q 6.19% % Growth Y-o-Y 14.02% PBIDT (before Other Income) 2,410 2,339 1,965 % Growth Q-o-Q 3.03% % Growth Y-o-Y 22.67% Profit After Tax 1,906 2,001 1,534 % Growth Q-o-Q
Slide 5: US GAAP Revenue Growth
US GAAP Revenue Growth Consolidated US GAAP (INR Million) Q1 FY11 Q4 FY10 Q1 FY10 Total Revenue 82,173 77,365 72,070 % Growth Q-o-Q 6.21% % Growth Y-o-Y 14.02% Revenue from International Business 74,920 70,478 65,467 % Growth Q-o-Q 6.30% % Growth Y-o-Y 14.44% Revenue from Indian Business 7,252 6,887
Slide 6: US GAAP Growth Summary
US GAAP Growth Summary 15th July 2010 6
Slide 7: Operational Performance
Operational Performance 15th July 2010
Slide 8: Growth by Market
Growth by Market 5.9% 2.0% North America 8.8% Latin America 55.0% 8.9% UK Continental Europe India 15.1% Asia Pacific 4.3% MEA Geography (% ) Q1 FY11 Q4 FY10 Americas North America 55.0 54.0 Latin America 4.3 4.4 Europe UK 15.1 15.2 Continental Europe 8.9 10.0 India 8.8 8.9 Asia Pacific 5.9 5.6 MEA
Slide 9: Growth by Domain
Growth by Domain BFSI 1.9% 6.1% 3.3% Telecom 3.1% 44.7% 5.2% Retail & Distribution 4.6% Manufacturing Hi-Tech 7.4% Life Sciences & Healthcare 11.0% Travel & Hospitality Energy & Utilities 12.7% Media & Entertainment Others IP Revenue (%) Q1 FY11 Q4 FY10 BFSI 44.7 45.6 Telecom 12.7 12.2 Retail & Dist
Slide 10: Growth by Service Line
Growth by Service Line 11.2% Application Development & Maint. 3.7% Business Intelligence 2.1% 8.7% Enterprise Solutions 47.9% Assurance Services 4.8% Engineering & Industrial Services 6.4% Infrastructure Services Global Consulting 9.8% 5.4% Asset Leverage Solutions Business Process Outsourcing SP Re
Slide 11: Client Parameters
Client Parameters Q1 FY11 Q4 FY10 Clients Contribution * Revenue % Top 1 8.1 8.2 Top 5 22.0 21.8 Top 10 30.5 30.2 US$ 1 mln Clients 409 409 US$ 5 mln Clients 191 183 US$ 10 mln Clients 122 118 US$ 20 mln Clients 65 63 US$ 50 mln Clients 24 23 US$ 100 mln Clients 7 7 * Last Twelve Months 15th July 20
Slide 12: Operational Parameters
Operational Parameters Revenue % Q1 FY11 Q4 FY10 Delivery Location* Onsite 43.6 43.6 GDC/RDC 5.2 5.4 Offshore 51.2 51.0 Contract Type Time & Material 50.9 51.3 Fixed Price & Time 49.1 48.7 * Excluding Domestic Clients 15th July 2010 12
Slide 13: Client Acquisition and Expansion
Client Acquisition and Expansion Particulars Q1 FY11 Q4 FY10 Active Clients 930 917 New Clients 36 39 Revenue % from Repeat Business 98.4 95.7 Revenue % from New Business * 1.6 4.3 * Reset at the beginning of Financial Year 15th July 2010 13
Slide 14: Key Wins
Key Wins • TCS has won a large development project in the area of Supply Chain and Merchandizing from a large Food and Grocery Retailer in UK • A large Media company has selected TCS, as its strategic partner to help transform its IT operations, in a deal worth over $100M. TCS will be providing inte
Slide 15: Human Resources
Human Resources 15th July 2010
Slide 16: Q1 (FY11) Total Employee Base: 163,700
Q1 (FY11) Total Employee Base: 163,700 TCS Employees : 142,939 Overseas branches & subsidiaries: 10,528 Subsidiaries* : 20,761 * CMC, WTI, TCS e-Serve, Diligenta & others are now shown under ‘Subsidiaries’ 15th July 2010 16
Slide 17: Q1(FY11) Gross Additions 8,464 & Net Additions 2,320
Q1(FY11) Gross Additions 8,464 & Net Additions 2,320 • Additions: • 1,051 Trainees & 5,955 Laterals in India; 1,458 in Overseas Branches • Attrition: 13.1% (LTM), including BPO • IT Services: 12.30% (LTM), BPO: 20.0% (LTM) • Utilization Rate: 82.6% (excluding Trainees), 74.8% (including Trainees) Q1
Slide 18: Diversity
Diversity • 30% of our workforce are women • 60.1 % of our associates have more than 3 years of work experience • Associates from 81 nationalities Composition of International Workforce 15th July 2010 18
Slide 19: Annexure
LAT ATAT ATA TAT ATA T ATALANTA TATA TAT ATALANTA NEL PANETT ANLANLPZN LEUPEPTIN LEN LENT Annexure 15th July 2010
Slide 20: Indian GAAP Income Statement - Consolidated
Indian GAAP Income Statement - Consolidated INR Crore % of Total Income Consolidated Indian GAAP Q1 FY11 Q4 FY10 Q1 FY10 Q1 FY11 Q4 FY10 Q1 FY10 INCOME a) IT & Consultancy Services 7,967 7,498 6,942 96.95 96.90 96.33 b) Manufacturing, Sale of equipment and Licences 250 240 265 3.05 3.10 3.67 Total I
Slide 21: Indian GAAP Balance Sheet - Consolidated
Indian GAAP Balance Sheet - Consolidated INR Crore % Consolidated Indian GAAP 30-Jun-10 31-Mar-10 30-Jun-10 31-Mar-10 Source of Funds Shareholders' Funds 19,905 18,467 97.21 97.19 Minority Interest 393 362 1.92 1.90 Loan Funds 99 103 0.48 0.54 Deferred Tax Liability 79 68 0.39 0.37 Total Liabilities
Slide 22: US GAAP Income Statement
US GAAP Income Statement INR Million % of Revenue Consolidated US GAAP Q1 FY11 Q4 FY10 Q1 FY10 Q1 FY11 Q4 FY10 Q1 FY10 Revenue 82,173 77,365 72,070 100.00 100.00 100.00 Cost of revenue 45,155 41,160 39,238 54.95 53.20 54.44 Gross margin 37,018 36,205 32,832 45.05 46.80 45.56 SG & A expenses 14,711 1
Slide 23: COR – SG&A Details
COR – SG&A Details 15th July 2010 23
Slide 24: US GAAP Balance Sheet
US GAAP Balance Sheet 30-Jun-10 31-Mar-10 Consolidated US GAAP INR Million % INR Million % Assets Cash and Cash equivalents 11,245 3.73 10,249 3.71 Bank Deposits 25,766 8.55 36,525 13.22 Accounts Receivable 65,514 21.75 58,098 21.03 Unbilled Revenues 14,107 4.68 12,011 4.35 Other Current assets 24,7
Slide 25: US GAAP Income Statement – In USD
US GAAP Income Statement – In USD 15th July 2010 25
Slide 26: COR – SG&A Details – In USD
COR – SG&A Details – In USD 15th July 2010 26
Slide 27: US GAAP Balance Sheet in USD
US GAAP Balance Sheet in USD 30-Jun-10 31-Mar-10 Consolidated US GAAP USD Million % USD Million % Assets Cash and Cash equivalents 242 3.73 228 3.71 Bank Deposits 555 8.55 813 13.22 Accounts Receivable 1,410 21.75 1,293 21.03 Unbilled Revenues 304 4.68 267 4.35 Other Current assets 533 8.23 474 7.70
Slide 28: Thank You!
Thank You! SUZANUZAN LU ZAN ZA U ZA ZAN ZAZA ZA ZAZA ZA ZA ZA ZAZA ZA ZA ZA ANZA PANNTVANNTVANNTV NNT YANNI YANNI YANNI YANNI PANNE PANNE PANNE P ANNE PANNE /ANNEP/ANNOP ANNE /ANNIP ANNO PANNE PANN ANNO ZN UNEP ANGHVANGHY/NGHYANGHV/NGHY/NGHV/NGEV/NGHY/NGHV/NGHPANNEY/ANEP/NNEP/ANEY/ANEP/ANEPANEPAANEP
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