SlideShare a Scribd company logo
1 of 31
Download to read offline
Title and Content

                109            255             131           0              85               214
                207            255             56            99             165              73
                246            255             155           190            28               42


                      Dark 1      Light 1        Dark 2        Light 2        Accent 1        Accent 2


                185            151             193           255            255              236
                175            75              187           221            255              137
                164            7               0             62             255              29


                  Accent 3       Accent 4       Accent 5      Accent 6        Hyperlink   Followed Hyperlink




           Results for Quarter III FY 2011 - 12
                127
                175
                221
                               203
                               215
                               238
                                               179
                                               149
                                               197
                                                             212
                                                             195
                                                             223
                                                                            255
                                                                            242
                                                                            171
                                                                                             255
                                                                                             249
                                                                                             213


               Tata Blue 50%   Tata Blue 25%   Purple 50 %   Purple 25 %    Yellow 50 %      Yellow 25 %


                229            248             180           214            241              251
                205            241             213           231            240              251
                186            235             154           200            202              241


                Brown 50 %     Brown 25 %      Green 50 %    Green 25 %    Light Green 50% Light Green 25%
  17th January 2012


                                                                                                    17th January 2012
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 uncertainties include, but are not limited to our ability to manage growth,
intense competition among Indian and overseas IT services companies, various factors
which may affect our cost advantage, such as wage increases or an appreciating Rupee,
our ability to attract and retain highly skilled professionals, time and cost overruns on
fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration,
our ability to manage our international operations, reduced demand for technology in our
key focus areas, disruptions in telecommunication networks, our ability to successfully
complete and integrate potential acquisitions, liability for damages on our service
contracts, the success of the companies in which TCS has made strategic investments,
withdrawal of governmental fiscal incentives, political instability, legal restrictions on
raising capital or acquiring companies outside India, unauthorized use of our intellectual
property and general economic conditions affecting our industry. TCS may, from time to
time, make additional written and oral forward-looking statements, including our reports
to shareholders. These forward-looking statements represent only the Company’s current
intentions, beliefs or expectations, and any forward-looking statement speaks only as of
the date on which it was made. The Company assumes no obligation to revise or update
any forward-looking statements.


                                                                             17th January 2012   2
Highlights
Q3 FY12 Performance Highlights
 Revenue:
   - INR Revenue of Rs 132,040 Mn i.e growth of 13.5% QoQ and 36.6% YoY
   - USD Revenue of $2,586 Mn i.e. growth of 2.4% QoQ and 20.6% YoY
   - Constant currency revenue growth of 4.5%, volume growth of 3.2% QoQ
 Profit:
   - EBIT margin of 29.2%, up 213bps QoQ
   - Net Income at INR 28,866 Mn i.e. a NPM of 21.9%, up 90bps QoQ
 Demand:
   - 40 new clients added during the quarter; Active clients: 1003
   - 10 large deals signed spread across multiple verticals
   - Upward movement across all revenue bands
 People:
   - Gross addition of 18,907 associates, closing headcount: 226,751
   - Utilization at 82.0% (ex-trainees) and 74.0% (including trainees)
   - Employee retention continues to best in industry; LTM Attrition (IT Services) at
     11.7%
                                                                          17th January 2012   4
Indian GAAP Growth Summary
                             Revenue                                        Q-o-Q Revenue Growth              Y-o-Y Revenue Growth

                                                       13,204   40%                                                                36.6%
        13,500                                                                      31.3%            31.4%
                                              11,633                   26.3%                                      25.3%
        12,000                       10,797                     30%
Crore



                   9,663    10,157
        10,500                                                  20%                                                                13.5%
`



         9,000                                                                                                     7.7%
                                                                10%                    5.1%           6.3%
         7,500                                                           4.1%
         6,000                                                   0%
                  Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12              Q3 FY11     Q4 FY11       Q1 FY12         Q2 FY12         Q3 FY12


                   PBIDT (before Other Income)                                  Q-o-Q PBIDT Growth            Y-o-Y PBIDT Growth
                                                       4,094
                                                                 50%                                                               41.2%
         4,000                                                                      32.2%
                                                                 40%   27.6%
                                               3,384                                                 25.9%
         3,500                                                                                                    21.9%
Crore




                            3,093                                30%                                                               21.0%
                   2,900             3,033
         3,000                                                   20%
                                                                                       6.7%                       11.6%
`




                                                                 10%     4.4%
         2,500                                                                                        -1.9%
                                                                  0%
         2,000                                                  -10%   Q3 FY11     Q4 FY11       Q1 FY12         Q2 FY12         Q3 FY12
                  Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12


                            Profit After Tax                                     Q-o-Q PAT Growth             Y-o-Y PAT Growth

          3,000                                        2,803    45%
                             2,623                                     29.9%        31.1%
                                                                                                     26.7%
Crore




                    2,370             2,415                     30%                                                                  21.8%
          2,500                                2,301
                                                                15%      9.2%          10.7%                       6.1%              18.3%
`




          2,000                                                                                      -7.9%      -4.7%
                                                                 0%
                                                                -15%   Q3 FY11     Q4 FY11       Q1 FY12         Q2 FY12         Q3 FY12
          1,500
                   Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12



                                                                                                                        17th January 2012    5
IFRS Revenue Growth
                                      Revenue Mix                                                        Revenue Growth                                  36.6%
                                                                                      40%
          150,000                                                           132,040                     31.3%           31.4%
          130,000                                  107,970       116,335              30%
                                                                                              26.3%                                     25.3%
                       96,633      101,575                                  11,070
Million




          110,000                                                  9,646
                                     8,987         10,084                             20%                                                                13.5%
           90,000       8,896
           70,000                                                106,689    120,970                                                      7.7%
                                                                                                                        6.3%
`




                        87,738      92,588         97,887                             10%                 5.1%
           50,000                                                                              4.1%
           30,000                                                                      0%
                       Q3 FY11     Q4 FY11         Q1 FY12       Q2 FY12    Q3 FY12          Q3 FY11    Q4 FY11         Q1 FY12        Q2 FY12          Q3 FY12
                            International Revenue           India Revenue                                Q-0-Q Growth             Y-0-Y Growth




                                International Revenue                                                       India Revenue
          50%
                                                                             37.9%
          40%                     31.4%           30.7%                               60%
                    25.3%                                         27.5%                       37.2%                      39.0%
          30%                                                                         40%               30.5%                                            24.4%
          20%                                                                13.4%
                                                                   9.0%               20%                               12.2%
          10%                      5.5%           5.7%                                                                                     4.7%              14.8%
                     4.9%                                                                                 1.0%
                                                                                       0%    -3.5%
           0%                                                                                                                               -4.3%
                                                                                      -20%    Q3 FY11   Q4 FY11         Q1 FY12        Q2 FY12    Q3 FY12
                    Q3 FY11      Q4 FY11          Q1 FY12        Q2 FY12    Q3 FY12
                                   Q-0-Q Growth             Y-0-Y Growth                                 Q-0-Q Growth             Y-0-Y Growth




                                                                                                                                                 17th January 2012   6
IFRS Growth Summary INR
                            Operating Income                                        Y-o-Y Growth     Q-o-Q Growth


                                                           38,618                                                              41.4%
              40,000                                                        30.8%          35.1%
Million


              35,000                              31,543            40%                            25.2%            20.8%
                       27,318   28,757
              30,000                     28,261                     20%                   5.3%                                     22.4%
                                                                            4.6%                   -1.7%
              25,000
`




                                                                     0%                                               11.6%
              20,000
                                                                    -20%   Q3 FY11       Q4 FY11   Q1 FY12          Q2 FY12   Q3 FY12
                       Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12




                                   EBITDA                  40,921
                                                                                    Y-o-Y Growth     Q-o-Q Growth



              40,000                                                                                                           40.3%
Million




                                                  33,829                    28.4%          33.6%
              35,000            30,880   30,309                     40%                            25.5%            21.8%
                       29,175
              30,000                                                20%                    5.8%
                                                                           5.0%                    -1.8%                           21.0%
`




              25,000
                                                                     0%                                              11.6%
              20,000
                                                                    -20%   Q3 FY11       Q4 FY11   Q1 FY12          Q2 FY12   Q3 FY12
                       Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12




                                   Net Income                                       Y-o-Y Growth     Q-o-Q Growth


                                                           28,866           30.5%
              30,000                                                40%                    22.2%   27.8%                       23.0%
                                                  24,390
    Million




                       23,460   23,809   23,803                                                                     14.7%
              25,000                                                20%                                                           18.4%
                                                                            10.3%         1.5%
              20,000                                                                                0.0%
                                                                     0%
`




              15,000                                                                                                  2.5%
                                                                    -20%   Q3 FY11       Q4 FY11   Q1 FY12          Q2 FY12   Q3 FY12
                       Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12




                                                                                                                         17th January 2012   7
IFRS Growth Summary USD
                              Revenue                                         Y-o-Y Growth      Q-o-Q Growth

                                               2,525   2,586
                                       2,412                                         33.2%    34.4%
           2,500.0    2,144    2,244                           40%    31.1%                                    26.0%
Million




                                                                                                                           20.6%
           2,000.0                                                     7.0%                    7.4%
                                                               20%                                              4.7%
           1,500.0                                                                   4.7%                                      2.4%
$




                                                                0%
           1,000.0
                                                               -20%   Q3 FY11       Q4 FY11   Q1 FY12          Q2 FY12   Q3 FY12
                     Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12



                              Operating Income                                Y-o-Y Growth      Q-o-Q Growth


            800.0                                       756           35.7%          37.1%
                                                684            40%                            28.0%                       24.7%
Million




            700.0      606      635     631                                                                    21.4%
            600.0                                              20%     7.5%                                                    10.5%
                                                                                     4.8%     -0.7%            8.4%
            500.0
$




                                                                0%
            400.0
                                                               -20%   Q3 FY11      Q4 FY11    Q1 FY12          Q2 FY12   Q3 FY12
                     Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12



                                                                              Y-o-Y Growth      Q-o-Q Growth

            600.0             Net Income               568
                      520              532     528                    35.8%                   30.6%
            550.0              526                             40%                   24.2%
 Million




            500.0                                                     13.5%                                    15.0%
                                                               20%                                                         9.1%
            450.0                                                                              1.1%
                                                                                     1.1%                      -0.8%          7.6%
$




            400.0                                               0%
            350.0                                              -20%   Q3 FY11      Q4 FY11    Q1 FY12          Q2 FY12   Q3 FY12
                     Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12




                                                                                                                 17th January 2012     8
Operational Performance
Growth by Market
                                                7.6%     2.1%
                                                                                                    North America
                                        8.4%
                                                                                                    Latin America
                            10.5%
                                                                                                    UK
                                                                                      53.3%
                                                                                                    Continental Europe


                                                                                                    India
                             15.0%
                                                                                                    Asia Pacific


                                                                                                    MEA
                                               3.1%

                                                                                   Q-o-Q                       Y-o-Y
                              Geography (% )           Q3 FY12     Q2 FY12                    Q3 FY11
                                                                                  Growth                     Growth
                         Americas
                          North America                   53.3         53.4         13.3         53.5              36.0
                          Latin America                    3.1          3.0         18.6          3.1              37.0

                         Europe
                          UK                              15.0         15.5          9.5         16.0              28.5
                          Continental Europe              10.5         10.1         18.1          9.3              54.2

                         India                             8.4          8.3         14.8          9.2              24.4
                         Asia Pacific                      7.6          7.5         15.7          6.9              52.0
                         MEA                               2.1          2.2          7.7          2.0              40.1

                         Total                           100.0        100.0         13.5        100.0              36.6
                        Growth in INR terms
Note: The growth rates reported here are based on actual revenues in INR. Calculating growth using the % Rev figures might result in some variance
due to rounding error.
                                                                                                                           17th January 2012         10
Growth by Domain
                                                                                                        BFSI
                                                       2.2% 5.3%
                                                4.1%                                                    Telecom
                                         3.8%
                                  5.3%                                                                  Retail & Distribution

                                                                                       43.3%            Manufacturing
                            5.9%
                                                                                                        Hi-Tech

                                                                                                        Life Sciences & Healthcare
                           7.8%
                                                                                                        Travel & Hospitality

                                                                                                        Energy & Utilities

                                                                                                        Media & Entertainment
                                    12.3%
                                                                   10.0%                                Others


                                                                                           Q-o-Q                      Y-o-Y
                                   IP Revenue (%)                  Q3 FY12   Q2 FY12             Q3 FY11
                                                                                          Growth                    Growth

                        BFSI                                          43.3      43.5           12.5     44.6             32.5
                        Telecom                                       10.0      10.7            6.9     11.9             15.6
                        Retail & Distribution                         12.3      12.1           15.1     10.9             53.8
                        Manufacturing                                  7.8       7.8           14.2      7.2             48.1
                        Hi-Tech                                        5.9       5.9           13.5      5.0             62.1
                        Life Sciences & Healthcare                     5.3       5.3           14.8      5.2             39.2
                        Travel & Hospitality                           3.8       3.8           13.9      3.4             50.5
                        Energy & Utilities                             4.1       4.3           10.5      4.4             29.0
                        Media & Entertainment                          2.2       2.1           19.8      2.3             28.3
                        Others                                         5.3       4.5           31.5      5.1             42.1

                        Total                                        100.0     100.0           13.5   100.0              36.6
                         Growth in INR terms
Note: The growth rates reported here are based on actual revenues in INR. Calculating growth using the % Rev figures might result in some variance
due to rounding error.
                                                                                                                                17th January 2012    11
Growth by Service Line
                                                                                                   Application Development & Maint.

                                           10.8%
                                                                                                   Business Intelligence
                                   3.8%                             44.0%
                                2.8%                                                               Enterprise Solutions

                         10.6%
                                                                                                   Assurance Services


                         4.6%                                                                      Engineering & Industrial Services


                                                                                                   Infrastructure Services
                            7.6%
                                                                                                   Global Consulting


                                          11.4%             4.4%                                   Asset Leverage Solutions


                                                                                                   Business Process Outsourcing


                                                                                              Q-o-Q                                Y-o-Y
                            SP Revenue (%)                   Q3 FY12        Q2 FY12                       Q3 FY11
                                                                                             Growth                              Growth
               IT Solutions and Services
                   Application Development & Maint.                 44.0         44.7           11.7              45.0                 33.6
                   Business Intelligence                             4.4          4.7            6.8               5.3                 13.4
                   Enterprise Solutions                             11.4         11.1           17.6               9.6                 63.1
                   Assurance Services                                7.6          7.6           13.4               7.1                 46.4
               Engineering & Industrial Services                     4.6          4.8            7.1               4.8                 29.2
               Infrastructure Services                              10.6          9.6           24.8              10.5                 38.7
               Global Consulting                                     2.8          2.6           22.5               2.3                 63.8
               Asset Leverage Solutions                              3.8          4.0            5.9               4.0                 30.4
               Business Process Outsourcing                         10.8         10.9           13.1              11.4                 29.3

               Total                                               100.0        100.0           13.5            100.0                  36.6
               Growth in INR terms
Note: The growth rates reported here are based on actual revenues in INR. Calculating growth using the % Rev figures might result in some variance
due to rounding error.
                                                                                                                                  17th January 2012   12
Client Parameters


                         Q3 FY12      Q2 FY12
Clients Contribution *
Revenue %
Top 1                           6.9         6.9
Top 5                          19.6        20.0
Top 10                         27.7        28.3

US$ 1 mln Clients             512          495
US$ 5 mln Clients             235          230
US$ 10 mln Clients            161          155
US$ 20 mln Clients             95           94
US$ 50 mln Clients             39           36
US$ 100 mln Clients            14           12

*
    Last Twelve Months




                                                  17th January 2012   13
Operational Parameters


Revenue %                      Q3 FY12    Q2 FY12

Delivery Location*
Onsite                             45.0       45.2
GDC/RDC                             4.5        3.9
Offshore                           50.5       50.9

Contract Type

Time & Material                    53.6       53.2
Fixed Price & Time                 46.4       46.8

* Excluding Domestic Clients




                                                     17th January 2012   14
Client Acquisition and Expansion




Particulars                            Q3 FY12       Q2 FY12

Active Clients                               1,003     1,010
New Clients                                    40         35

Revenue % from Repeat Business                98.3       99.3
Revenue % from New Business *                  1.7        0.7

* Reset at the beginning of Financial Year




                                                                17th January 2012   15
Key Wins
   TCS’ cloud based non linear platform for Life and Pensions has been adopted by a large insurance
    provider in the UK.
   TCS has been awarded a multi million, multi year IT Infrastructure management contract by a
    leading measurement devices company.
   TCS has been selected as a strategic partner for application development and maintenance services
    for two leading retailers in North America.
   A large telecom service provider in APAC has selected TCS as its strategic BPO partner covering
    order to activate and billing processes.
   One of the Top European Pharmaceutical companies has selected TCS as a strategic partner for its
    drug safety operations in a multi-year, multi-million dollar deal.
   A leading retail bank in Europe has selected TCS for a multi-year managed services contract
    covering application development, maintenance and support of their Core Banking & Mortgages
    systems.
   One of the top European Utilities has chosen TCS as the sole partner in the Customer Services
    area to provide business process services and support them in enhancing their customer
    experience.
   A large filtration machinery and services company has engaged TCS in a multi-year, multi-million
    dollar deal for ERP services.
   TCS’ core banking solution in the cloud paradigm "Bank in a box" has been selected as the core
    banking solution for a large number of district cooperative banks across states.
                                                                                      17th January 2012   16
Human Resources
Total Employee Base

Total Employees : 226,751

                                      214,770   226,751
                            202,190
                198,614
    186,914




    Q3-11       Q4-11       Q1-12     Q2-12     Q3-12

                                                 17th January 2012
Q3 Consolidated - Gross Additions 18,907 & Net Additions 11,981

Gross Additions:
• 10,341 Trainees & 6,763 Laterals in India
• 1,803 employees overseas
                                                                               Attrition*:
  20,219                                         20,349                        • 12.8% (LTM), including BPO
                  19,324                                         18,907        • IT Services: 11.7% (LTM)
                                                                               • BPO: 22.6% (LTM)

        12,497                                        12,580          11,981
                        11,700 11,988                                          Utilization Rate*:
                                                                               • 82.02% (excluding Trainees)
                                                                               • 74.04% (including Trainees)
                                       3,576


                                                                               *   Excluding Subsidiaries: CMC, e-Serve &
 FY11 - Q3       FY11 - Q4    FY12 - Q1        FY12 - Q2       FY12 - Q3           Diligenta


                     Gross Additions      Net Additions



                                                                                                      17th January 2012
Diversity
  31% of our workforce are women
  63.6% of our associates have more than 3 years of work experience
  Associates from 103 nationalities

                           Composition of International Workforce (Consolidated)
                                                                                             Others
                                                                                             17.0%
                                                                       Mexican
                                                                        8.6%                                        British
                                                                                                                    16.3%
Indians
 93.4%

                                                           American                                                        Chilean
                                      Others                16.0%                                                           7.9%
                                      6.6%

                                                                                                                       Hungarian
                                                                                                                         3.8%

                                                                      Chinese
                                                                       11.8%                             Ecuadorian
                                                                                 Brazilian   Uruguayan     10.6%
TCS Consolidated (Including Subsidiaries CMC, e-Serve & Diligenta)                2.5%         5.5%

                                                                                                              17th January 2012
Annexure
Indian GAAP Income Statement - Consolidated
                                                              ` Crore                     % of Total Income
Consolidated Indian GAAP
                                                   Q3 FY12    Q2 FY12     Q3 FY11    Q3 FY12    Q2 FY12    Q3 FY11

INCOME
a) IT & Consultancy Services                        12,723      11,290      9,331      96.36      97.05        96.57
b) Manufacturing, Sale of equipment and Licences       481         343        332       3.64       2.95         3.43
Total Income                                        13,204      11,633      9,663     100.00     100.00       100.00
EXPENDITURE
a ) Salaries & Wages                                 4,818       4,484      3,552      36.49      38.55        36.76
b ) Overseas business expenditure                    1,815       1,673      1,405      13.74      14.38        14.54
c) Other operating expenses                          2,477       2,092      1,806      18.76      17.99        18.69
Total Expenditure                                    9,110       8,249      6,763      68.99      70.92        69.99
Profit Before Interest, Depreciation, Taxes
& Other Income                                       4,094       3,384      2,900      31.01      29.08        30.01
Interest                                                 5           9          5       0.04       0.08         0.05
Depreciation                                           235         232        188       1.78       1.99         1.95
Profit Before Taxes & Other Income                   3,854       3,143      2,707      29.19      27.01        28.01
Other income (expense), net                            (87)        122        194      (0.66)      1.05         2.01
Profit Before Taxes                                  3,767       3,265      2,901      28.53      28.06        30.02
Provision For Taxes                                    783         724        504       5.93       6.22         5.22
Profit Before Taxes on Dividend from foreign
subsidiaries & Minority Interest                     2,984       2,541      2,397      22.60      21.84        24.80
Provision for Taxes on Dividend from foreign
subsidiaries                                           148         214        -         1.12       1.84          -
Profit After Tax & Before Minority Interest          2,836       2,327      2,397      21.48      20.00        24.80
Minority Interest                                      (33)        (26)       (27)     (0.25)     (0.23)       (0.28)
Net Profit                                           2,803       2,301      2,370      21.23      19.77        24.52


                                                                                                      17th January 2012   22
Indian GAAP Balance Sheet - Consolidated

      Consolidated Indian GAAP
                                             ` Crore                     %
                                      31-Dec-11    31-Mar-11    31-Dec-11 31-Mar-11
Source of Funds
Shareholders' Funds                       29,707       24,505      95.93      96.22
Minority Interest                            527          458       1.70       1.80
Loan Funds                                    63           69       0.20       0.27
Deferred Tax Liability                       153          109       0.50       0.43
Non Current Liabilities                      517          327       1.67       1.28
Total Liabilities                         30,967       25,468     100.00     100.00
Application of Funds
Fixed Assets (net)                         6,151        5,441      19.86      21.36
Goodwill                                   3,570        3,232      11.53      12.69
Deferred Tax Asset                           279          160       0.90       0.63
Investments                                1,775        1,763       5.73       6.92
 Cash and Bank Balance                     5,953        4,700       19.23     18.46
 Current Assets, Loans and Advances       16,097       11,685       51.98     45.88
 Current Liabilities and Provisions        8,069        7,213       26.06     28.32
Net Current Assets                        13,981        9,172      45.15      36.02
Non Current Assets                         5,211        5,700      16.83      22.38
Total Assets                              30,967       25,468     100.00     100.00




                                                                              17th January 2012   23
IFRS Income Statement

                                                   `   Million                        % of Revenue
               Consolidated IFRS
                                       Q3 FY12     Q2 FY12       Q3 FY11    Q3 FY12     Q2 FY12        Q3 FY11
Revenue                                 132,040        116,335     96,633    100.00       100.00          100.00
Cost of revenue                          69,964         63,716     52,753     52.99        54.77           54.59
Gross margin                             62,076         52,619     43,880     47.01        45.23              45.41
SG & A expenses                          23,458         21,076     16,562     17.77        18.12              17.14
Operating income                         38,618         31,543     27,318     29.24        27.11              28.27
Other income (expense), net                (920)           997      1,822     (0.70)        0.86               1.89
Income before income taxes               37,698         32,540     29,140     28.54        27.97              30.16
Income taxes                              8,538          7,913      5,491      6.47         6.80               5.68
Income after income taxes                29,160         24,627     23,649     22.07        21.17              24.48
Minority interest                          294            237        189        0.22        0.21               0.20
Net income                               28,866         24,390     23,460     21.85        20.96              24.28
                                        INR            INR        INR
Earnings per share in INR                 14.75          12.46      11.99




                                                                                          17th January 2012           24
COR – SG&A Details




                     17th January 2012   25
IFRS Balance Sheet
                                           31-Dec-11            31-Mar-11
Consolidated IFRS
                                       ` Million       %    ` Million       %
Assets
Cash and cash equivalents                 18,889     4.86      15,539     4.74
Accounts receivable                      115,263    29.67      82,016    25.01
Unbilled revenues                         20,425     5.26      13,489     4.11
Other current financial assets            54,345    13.99      39,297    11.99
Other non current financial assets        20,777     5.35      33,097    10.09
Property and equipment                    60,663    15.62      51,996    15.86
Intangible assets and Goodwill            35,046     9.02      33,791    10.31
Investments                               18,944     4.88      18,390     5.61
Other current assets                      11,420     2.94      14,523     4.43
Other non current assets                  32,665     8.41      25,745     7.85
Total assets                             388,437   100.00     327,883   100.00
Liabilities and Shareholders' Equity
Current liabilities                       74,609    19.21      58,335    17.79
Short term borrowings                        237     0.06         328     0.10
Redeemable preference shares               1,000     0.26       1,000     0.31
Long term borrowings                          27     0.01          38     0.01
Other non-current liabilities             11,330     2.91      10,991     3.35
Minority interest                          4,892     1.26       3,147     0.96
Shareholders' Funds                      296,342    76.29     254,044    77.48
Total Liabilities                        388,437   100.00     327,883   100.00



                                                                            17th January 2012   26
IFRS Income Statement – In USD


               Consolidated IFRS              $ Million                      % of Revenue
                                   Q3 FY12    Q2 FY12     Q3 FY11    Q3 FY12   Q2 FY12    Q3 FY11
Revenue                               2,586       2,525      2,144    100.00     100.00          100.00
Cost of revenue                       1,370       1,383      1,170     52.99      54.77           54.59
Gross margin                          1,216       1,142       974      47.01      45.23           45.41
SG & A expenses                         460         458       368      17.77      18.12           17.14
Operating income                       756         684        606      29.24      27.11           28.27
Other income (expense), net            (18)         22         40      (0.70)      0.86            1.89
Income before income taxes             738         706        646      28.54      27.97           30.16
Income taxes                           164         172        122       6.33       6.83            5.69
Income after income taxes              574         534        524      22.21      21.14           24.47
Minority Interest                        6            6         4        0.25      0.24               0.19
Net Income                             568         528        520      21.96      20.90           24.28
                                    USD         USD        USD
Earnings Per Share in USD             0.29        0.27       0.27




                                                                                  17th January 2012          27
COR – SG&A Details – In USD




                              17th January 2012   28
IFRS Balance Sheet in USD
                                           31-Dec-11           31-Mar-11
Consolidated IFRS
                                       $ Million     %     $ Million     %
Assets
Cash and Cash equivalents                   355     4.87        349     4.74
Accounts Receivable                       2,162    29.67      1,839    25.01
Unbilled Revenues                           383     5.26        303     4.11
Other current financial assets            1,020    13.99        881    11.99
Other non current financial assets          390     5.35        742    10.09
Property and equipment                    1,138    15.61      1,166    15.86
Intangible assets and Goodwill              657     9.02        758    10.31
Investments                                 355     4.88        412     5.61
Other current assets                        214     2.94        326     4.43
Other non current assets                    613     8.41        577     7.85
Total assets                              7,287   100.00      7,353   100.00
Liabilities and Shareholders' Equity
Current liabilities                       1,400    19.21      1,309    17.80
Short term borrowings                         4     0.06          7     0.10
Redeemable Preference Shares                 19     0.26         22     0.30
Long term borrowings                          1     0.01          1     0.01
Other non-current liabilities               213     2.92        246     3.35
Minority Interest                            91     1.25         71     0.96
Shareholders' Funds                       5,559    76.29      5,697    77.48
Total Liabilities                         7,287   100.00      7,353   100.00




                                                                             17th January 2012   29
Currency mix and average realized rates in INR



                 Average rates          % of Revenue
    Currency
               Q3 FY12    Q2 FY12    Q3 FY12    Q2 FY12

    USD           51.07      46.07     59.50%     59.31%

    GBP           80.53      74.22     12.44%     12.31%

    EUR           68.88      65.31      7.49%      7.45%

    Others                             20.57%     20.93%

                                      100.00%    100.00%




                                                           17th January 2012   30
Thank You

More Related Content

Similar to Tcs analysts q3_12

SNC : Opp day Feb 18, 2013
SNC : Opp day Feb 18, 2013  SNC : Opp day Feb 18, 2013
SNC : Opp day Feb 18, 2013 TonHor Hor
 
agilent Operating_Results_Q106_to_Q307
agilent Operating_Results_Q106_to_Q307agilent Operating_Results_Q106_to_Q307
agilent Operating_Results_Q106_to_Q307finance38
 
agilent Operating_Results_Q106_to_Q108
agilent Operating_Results_Q106_to_Q108agilent Operating_Results_Q106_to_Q108
agilent Operating_Results_Q106_to_Q108finance38
 
agilent Operating_Results_Q106_to_Q207
agilent Operating_Results_Q106_to_Q207agilent Operating_Results_Q106_to_Q207
agilent Operating_Results_Q106_to_Q207finance38
 
agilent Operating_Results_Q107_to_Q408
agilent Operating_Results_Q107_to_Q408agilent Operating_Results_Q107_to_Q408
agilent Operating_Results_Q107_to_Q408finance38
 
Operating_Results_Q106_to_Q208
Operating_Results_Q106_to_Q208Operating_Results_Q106_to_Q208
Operating_Results_Q106_to_Q208finance38
 
18.03.2009 Presentation of E&P Coordinator, Eduardo Alessandro Molinari - P...
18.03.2009   Presentation of E&P Coordinator, Eduardo Alessandro Molinari - P...18.03.2009   Presentation of E&P Coordinator, Eduardo Alessandro Molinari - P...
18.03.2009 Presentation of E&P Coordinator, Eduardo Alessandro Molinari - P...Petrobras
 
Inst Presentation IR - February 2013
Inst Presentation IR - February 2013Inst Presentation IR - February 2013
Inst Presentation IR - February 2013Embraer RI
 
Inst Presentation IR - January 2013
Inst Presentation IR - January 2013Inst Presentation IR - January 2013
Inst Presentation IR - January 2013Embraer RI
 
agilent OperatingResultsQ107toQ308
agilent OperatingResultsQ107toQ308agilent OperatingResultsQ107toQ308
agilent OperatingResultsQ107toQ308finance38
 
Embraer 1 q11_results_final
Embraer 1 q11_results_finalEmbraer 1 q11_results_final
Embraer 1 q11_results_finalEmbraer RI
 
Embraer 1Q11 Results
Embraer 1Q11 ResultsEmbraer 1Q11 Results
Embraer 1Q11 ResultsEmbraer RI
 
SNC : Opp day Nov 5, 2012
SNC : Opp day Nov 5, 2012SNC : Opp day Nov 5, 2012
SNC : Opp day Nov 5, 2012TonHor Hor
 
HMS Group 9 months 2011 results presentation
HMS Group 9 months 2011 results presentationHMS Group 9 months 2011 results presentation
HMS Group 9 months 2011 results presentationHMS Group
 
Apresentação Institucional RI - Maio 2012
Apresentação Institucional RI - Maio 2012Apresentação Institucional RI - Maio 2012
Apresentação Institucional RI - Maio 2012Embraer RI
 
Embraer Conference Call 3Q11 Results
Embraer Conference Call 3Q11 ResultsEmbraer Conference Call 3Q11 Results
Embraer Conference Call 3Q11 ResultsEmbraer RI
 
agilent Operating_Results_Q105_Q107
agilent Operating_Results_Q105_Q107agilent Operating_Results_Q105_Q107
agilent Operating_Results_Q105_Q107finance38
 
WEG Q2 2012 Conference Call
WEG Q2 2012 Conference CallWEG Q2 2012 Conference Call
WEG Q2 2012 Conference CallWEG
 
Tele2 Fourth quarter 2012
Tele2 Fourth quarter 2012Tele2 Fourth quarter 2012
Tele2 Fourth quarter 2012Tele2
 

Similar to Tcs analysts q3_12 (20)

SNC : Opp day Feb 18, 2013
SNC : Opp day Feb 18, 2013  SNC : Opp day Feb 18, 2013
SNC : Opp day Feb 18, 2013
 
agilent Operating_Results_Q106_to_Q307
agilent Operating_Results_Q106_to_Q307agilent Operating_Results_Q106_to_Q307
agilent Operating_Results_Q106_to_Q307
 
agilent Operating_Results_Q106_to_Q108
agilent Operating_Results_Q106_to_Q108agilent Operating_Results_Q106_to_Q108
agilent Operating_Results_Q106_to_Q108
 
agilent Operating_Results_Q106_to_Q207
agilent Operating_Results_Q106_to_Q207agilent Operating_Results_Q106_to_Q207
agilent Operating_Results_Q106_to_Q207
 
agilent Operating_Results_Q107_to_Q408
agilent Operating_Results_Q107_to_Q408agilent Operating_Results_Q107_to_Q408
agilent Operating_Results_Q107_to_Q408
 
Operating_Results_Q106_to_Q208
Operating_Results_Q106_to_Q208Operating_Results_Q106_to_Q208
Operating_Results_Q106_to_Q208
 
18.03.2009 Presentation of E&P Coordinator, Eduardo Alessandro Molinari - P...
18.03.2009   Presentation of E&P Coordinator, Eduardo Alessandro Molinari - P...18.03.2009   Presentation of E&P Coordinator, Eduardo Alessandro Molinari - P...
18.03.2009 Presentation of E&P Coordinator, Eduardo Alessandro Molinari - P...
 
Inst Presentation IR - February 2013
Inst Presentation IR - February 2013Inst Presentation IR - February 2013
Inst Presentation IR - February 2013
 
Inst Presentation IR - January 2013
Inst Presentation IR - January 2013Inst Presentation IR - January 2013
Inst Presentation IR - January 2013
 
agilent OperatingResultsQ107toQ308
agilent OperatingResultsQ107toQ308agilent OperatingResultsQ107toQ308
agilent OperatingResultsQ107toQ308
 
Embraer 1 q11_results_final
Embraer 1 q11_results_finalEmbraer 1 q11_results_final
Embraer 1 q11_results_final
 
Embraer 1Q11 Results
Embraer 1Q11 ResultsEmbraer 1Q11 Results
Embraer 1Q11 Results
 
Investors' meeting 3 q06 results
Investors' meeting   3 q06 resultsInvestors' meeting   3 q06 results
Investors' meeting 3 q06 results
 
SNC : Opp day Nov 5, 2012
SNC : Opp day Nov 5, 2012SNC : Opp day Nov 5, 2012
SNC : Opp day Nov 5, 2012
 
HMS Group 9 months 2011 results presentation
HMS Group 9 months 2011 results presentationHMS Group 9 months 2011 results presentation
HMS Group 9 months 2011 results presentation
 
Apresentação Institucional RI - Maio 2012
Apresentação Institucional RI - Maio 2012Apresentação Institucional RI - Maio 2012
Apresentação Institucional RI - Maio 2012
 
Embraer Conference Call 3Q11 Results
Embraer Conference Call 3Q11 ResultsEmbraer Conference Call 3Q11 Results
Embraer Conference Call 3Q11 Results
 
agilent Operating_Results_Q105_Q107
agilent Operating_Results_Q105_Q107agilent Operating_Results_Q105_Q107
agilent Operating_Results_Q105_Q107
 
WEG Q2 2012 Conference Call
WEG Q2 2012 Conference CallWEG Q2 2012 Conference Call
WEG Q2 2012 Conference Call
 
Tele2 Fourth quarter 2012
Tele2 Fourth quarter 2012Tele2 Fourth quarter 2012
Tele2 Fourth quarter 2012
 

Recently uploaded

Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...
Booking open Available Pune Call Girls Shivane  6297143586 Call Hot Indian Gi...Booking open Available Pune Call Girls Shivane  6297143586 Call Hot Indian Gi...
Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...Call Girls in Nagpur High Profile
 
03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptxFinTech Belgium
 
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...Call Girls in Nagpur High Profile
 
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptxFinTech Belgium
 
Quarter 4- Module 3 Principles of Marketing
Quarter 4- Module 3 Principles of MarketingQuarter 4- Module 3 Principles of Marketing
Quarter 4- Module 3 Principles of MarketingMaristelaRamos12
 
The Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdfThe Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdfGale Pooley
 
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur EscortsCall Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escortsranjana rawat
 
20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdfAdnet Communications
 
20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdfAdnet Communications
 
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...Suhani Kapoor
 
Bladex Earnings Call Presentation 1Q2024
Bladex Earnings Call Presentation 1Q2024Bladex Earnings Call Presentation 1Q2024
Bladex Earnings Call Presentation 1Q2024Bladex
 
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free Delivery
Malad Call Girl in Services  9892124323 | ₹,4500 With Room Free DeliveryMalad Call Girl in Services  9892124323 | ₹,4500 With Room Free Delivery
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free DeliveryPooja Nehwal
 
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...ranjana rawat
 
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...ssifa0344
 
Log your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaignLog your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaignHenry Tapper
 
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130Suhani Kapoor
 
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...Pooja Nehwal
 
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...ssifa0344
 
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...shivangimorya083
 
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyInterimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyTyöeläkeyhtiö Elo
 

Recently uploaded (20)

Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...
Booking open Available Pune Call Girls Shivane  6297143586 Call Hot Indian Gi...Booking open Available Pune Call Girls Shivane  6297143586 Call Hot Indian Gi...
Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...
 
03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx
 
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
 
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
 
Quarter 4- Module 3 Principles of Marketing
Quarter 4- Module 3 Principles of MarketingQuarter 4- Module 3 Principles of Marketing
Quarter 4- Module 3 Principles of Marketing
 
The Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdfThe Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdf
 
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur EscortsCall Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
 
20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf
 
20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf
 
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
 
Bladex Earnings Call Presentation 1Q2024
Bladex Earnings Call Presentation 1Q2024Bladex Earnings Call Presentation 1Q2024
Bladex Earnings Call Presentation 1Q2024
 
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free Delivery
Malad Call Girl in Services  9892124323 | ₹,4500 With Room Free DeliveryMalad Call Girl in Services  9892124323 | ₹,4500 With Room Free Delivery
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free Delivery
 
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
 
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
 
Log your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaignLog your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaign
 
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
 
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
 
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
 
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
 
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyInterimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
 

Tcs analysts q3_12

  • 1. Title and Content 109 255 131 0 85 214 207 255 56 99 165 73 246 255 155 190 28 42 Dark 1 Light 1 Dark 2 Light 2 Accent 1 Accent 2 185 151 193 255 255 236 175 75 187 221 255 137 164 7 0 62 255 29 Accent 3 Accent 4 Accent 5 Accent 6 Hyperlink Followed Hyperlink Results for Quarter III FY 2011 - 12 127 175 221 203 215 238 179 149 197 212 195 223 255 242 171 255 249 213 Tata Blue 50% Tata Blue 25% Purple 50 % Purple 25 % Yellow 50 % Yellow 25 % 229 248 180 214 241 251 205 241 213 231 240 251 186 235 154 200 202 241 Brown 50 % Brown 25 % Green 50 % Green 25 % Light Green 50% Light Green 25% 17th January 2012 17th January 2012
  • 2. 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 uncertainties include, but are not limited to our ability to manage growth, intense competition among Indian and overseas IT services companies, various factors which may affect our cost advantage, such as wage increases or an appreciating Rupee, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which TCS has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry. TCS may, from time to time, make additional written and oral forward-looking statements, including our reports to shareholders. These forward-looking statements represent only the Company’s current intentions, beliefs or expectations, and any forward-looking statement speaks only as of the date on which it was made. The Company assumes no obligation to revise or update any forward-looking statements. 17th January 2012 2
  • 4. Q3 FY12 Performance Highlights  Revenue: - INR Revenue of Rs 132,040 Mn i.e growth of 13.5% QoQ and 36.6% YoY - USD Revenue of $2,586 Mn i.e. growth of 2.4% QoQ and 20.6% YoY - Constant currency revenue growth of 4.5%, volume growth of 3.2% QoQ  Profit: - EBIT margin of 29.2%, up 213bps QoQ - Net Income at INR 28,866 Mn i.e. a NPM of 21.9%, up 90bps QoQ  Demand: - 40 new clients added during the quarter; Active clients: 1003 - 10 large deals signed spread across multiple verticals - Upward movement across all revenue bands  People: - Gross addition of 18,907 associates, closing headcount: 226,751 - Utilization at 82.0% (ex-trainees) and 74.0% (including trainees) - Employee retention continues to best in industry; LTM Attrition (IT Services) at 11.7% 17th January 2012 4
  • 5. Indian GAAP Growth Summary Revenue Q-o-Q Revenue Growth Y-o-Y Revenue Growth 13,204 40% 36.6% 13,500 31.3% 31.4% 11,633 26.3% 25.3% 12,000 10,797 30% Crore 9,663 10,157 10,500 20% 13.5% ` 9,000 7.7% 10% 5.1% 6.3% 7,500 4.1% 6,000 0% Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12 Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12 PBIDT (before Other Income) Q-o-Q PBIDT Growth Y-o-Y PBIDT Growth 4,094 50% 41.2% 4,000 32.2% 40% 27.6% 3,384 25.9% 3,500 21.9% Crore 3,093 30% 21.0% 2,900 3,033 3,000 20% 6.7% 11.6% ` 10% 4.4% 2,500 -1.9% 0% 2,000 -10% Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12 Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12 Profit After Tax Q-o-Q PAT Growth Y-o-Y PAT Growth 3,000 2,803 45% 2,623 29.9% 31.1% 26.7% Crore 2,370 2,415 30% 21.8% 2,500 2,301 15% 9.2% 10.7% 6.1% 18.3% ` 2,000 -7.9% -4.7% 0% -15% Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12 1,500 Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12 17th January 2012 5
  • 6. IFRS Revenue Growth Revenue Mix Revenue Growth 36.6% 40% 150,000 132,040 31.3% 31.4% 130,000 107,970 116,335 30% 26.3% 25.3% 96,633 101,575 11,070 Million 110,000 9,646 8,987 10,084 20% 13.5% 90,000 8,896 70,000 106,689 120,970 7.7% 6.3% ` 87,738 92,588 97,887 10% 5.1% 50,000 4.1% 30,000 0% Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12 Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12 International Revenue India Revenue Q-0-Q Growth Y-0-Y Growth International Revenue India Revenue 50% 37.9% 40% 31.4% 30.7% 60% 25.3% 27.5% 37.2% 39.0% 30% 40% 30.5% 24.4% 20% 13.4% 9.0% 20% 12.2% 10% 5.5% 5.7% 4.7% 14.8% 4.9% 1.0% 0% -3.5% 0% -4.3% -20% Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12 Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12 Q-0-Q Growth Y-0-Y Growth Q-0-Q Growth Y-0-Y Growth 17th January 2012 6
  • 7. IFRS Growth Summary INR Operating Income Y-o-Y Growth Q-o-Q Growth 38,618 41.4% 40,000 30.8% 35.1% Million 35,000 31,543 40% 25.2% 20.8% 27,318 28,757 30,000 28,261 20% 5.3% 22.4% 4.6% -1.7% 25,000 ` 0% 11.6% 20,000 -20% Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12 Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12 EBITDA 40,921 Y-o-Y Growth Q-o-Q Growth 40,000 40.3% Million 33,829 28.4% 33.6% 35,000 30,880 30,309 40% 25.5% 21.8% 29,175 30,000 20% 5.8% 5.0% -1.8% 21.0% ` 25,000 0% 11.6% 20,000 -20% Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12 Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12 Net Income Y-o-Y Growth Q-o-Q Growth 28,866 30.5% 30,000 40% 22.2% 27.8% 23.0% 24,390 Million 23,460 23,809 23,803 14.7% 25,000 20% 18.4% 10.3% 1.5% 20,000 0.0% 0% ` 15,000 2.5% -20% Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12 Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12 17th January 2012 7
  • 8. IFRS Growth Summary USD Revenue Y-o-Y Growth Q-o-Q Growth 2,525 2,586 2,412 33.2% 34.4% 2,500.0 2,144 2,244 40% 31.1% 26.0% Million 20.6% 2,000.0 7.0% 7.4% 20% 4.7% 1,500.0 4.7% 2.4% $ 0% 1,000.0 -20% Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12 Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12 Operating Income Y-o-Y Growth Q-o-Q Growth 800.0 756 35.7% 37.1% 684 40% 28.0% 24.7% Million 700.0 606 635 631 21.4% 600.0 20% 7.5% 10.5% 4.8% -0.7% 8.4% 500.0 $ 0% 400.0 -20% Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12 Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12 Y-o-Y Growth Q-o-Q Growth 600.0 Net Income 568 520 532 528 35.8% 30.6% 550.0 526 40% 24.2% Million 500.0 13.5% 15.0% 20% 9.1% 450.0 1.1% 1.1% -0.8% 7.6% $ 400.0 0% 350.0 -20% Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12 Q3 FY11 Q4 FY11 Q1 FY12 Q2 FY12 Q3 FY12 17th January 2012 8
  • 10. Growth by Market 7.6% 2.1% North America 8.4% Latin America 10.5% UK 53.3% Continental Europe India 15.0% Asia Pacific MEA 3.1% Q-o-Q Y-o-Y Geography (% ) Q3 FY12 Q2 FY12 Q3 FY11 Growth Growth Americas North America 53.3 53.4 13.3 53.5 36.0 Latin America 3.1 3.0 18.6 3.1 37.0 Europe UK 15.0 15.5 9.5 16.0 28.5 Continental Europe 10.5 10.1 18.1 9.3 54.2 India 8.4 8.3 14.8 9.2 24.4 Asia Pacific 7.6 7.5 15.7 6.9 52.0 MEA 2.1 2.2 7.7 2.0 40.1 Total 100.0 100.0 13.5 100.0 36.6 Growth in INR terms Note: The growth rates reported here are based on actual revenues in INR. Calculating growth using the % Rev figures might result in some variance due to rounding error. 17th January 2012 10
  • 11. Growth by Domain BFSI 2.2% 5.3% 4.1% Telecom 3.8% 5.3% Retail & Distribution 43.3% Manufacturing 5.9% Hi-Tech Life Sciences & Healthcare 7.8% Travel & Hospitality Energy & Utilities Media & Entertainment 12.3% 10.0% Others Q-o-Q Y-o-Y IP Revenue (%) Q3 FY12 Q2 FY12 Q3 FY11 Growth Growth BFSI 43.3 43.5 12.5 44.6 32.5 Telecom 10.0 10.7 6.9 11.9 15.6 Retail & Distribution 12.3 12.1 15.1 10.9 53.8 Manufacturing 7.8 7.8 14.2 7.2 48.1 Hi-Tech 5.9 5.9 13.5 5.0 62.1 Life Sciences & Healthcare 5.3 5.3 14.8 5.2 39.2 Travel & Hospitality 3.8 3.8 13.9 3.4 50.5 Energy & Utilities 4.1 4.3 10.5 4.4 29.0 Media & Entertainment 2.2 2.1 19.8 2.3 28.3 Others 5.3 4.5 31.5 5.1 42.1 Total 100.0 100.0 13.5 100.0 36.6 Growth in INR terms Note: The growth rates reported here are based on actual revenues in INR. Calculating growth using the % Rev figures might result in some variance due to rounding error. 17th January 2012 11
  • 12. Growth by Service Line Application Development & Maint. 10.8% Business Intelligence 3.8% 44.0% 2.8% Enterprise Solutions 10.6% Assurance Services 4.6% Engineering & Industrial Services Infrastructure Services 7.6% Global Consulting 11.4% 4.4% Asset Leverage Solutions Business Process Outsourcing Q-o-Q Y-o-Y SP Revenue (%) Q3 FY12 Q2 FY12 Q3 FY11 Growth Growth IT Solutions and Services Application Development & Maint. 44.0 44.7 11.7 45.0 33.6 Business Intelligence 4.4 4.7 6.8 5.3 13.4 Enterprise Solutions 11.4 11.1 17.6 9.6 63.1 Assurance Services 7.6 7.6 13.4 7.1 46.4 Engineering & Industrial Services 4.6 4.8 7.1 4.8 29.2 Infrastructure Services 10.6 9.6 24.8 10.5 38.7 Global Consulting 2.8 2.6 22.5 2.3 63.8 Asset Leverage Solutions 3.8 4.0 5.9 4.0 30.4 Business Process Outsourcing 10.8 10.9 13.1 11.4 29.3 Total 100.0 100.0 13.5 100.0 36.6 Growth in INR terms Note: The growth rates reported here are based on actual revenues in INR. Calculating growth using the % Rev figures might result in some variance due to rounding error. 17th January 2012 12
  • 13. Client Parameters Q3 FY12 Q2 FY12 Clients Contribution * Revenue % Top 1 6.9 6.9 Top 5 19.6 20.0 Top 10 27.7 28.3 US$ 1 mln Clients 512 495 US$ 5 mln Clients 235 230 US$ 10 mln Clients 161 155 US$ 20 mln Clients 95 94 US$ 50 mln Clients 39 36 US$ 100 mln Clients 14 12 * Last Twelve Months 17th January 2012 13
  • 14. Operational Parameters Revenue % Q3 FY12 Q2 FY12 Delivery Location* Onsite 45.0 45.2 GDC/RDC 4.5 3.9 Offshore 50.5 50.9 Contract Type Time & Material 53.6 53.2 Fixed Price & Time 46.4 46.8 * Excluding Domestic Clients 17th January 2012 14
  • 15. Client Acquisition and Expansion Particulars Q3 FY12 Q2 FY12 Active Clients 1,003 1,010 New Clients 40 35 Revenue % from Repeat Business 98.3 99.3 Revenue % from New Business * 1.7 0.7 * Reset at the beginning of Financial Year 17th January 2012 15
  • 16. Key Wins  TCS’ cloud based non linear platform for Life and Pensions has been adopted by a large insurance provider in the UK.  TCS has been awarded a multi million, multi year IT Infrastructure management contract by a leading measurement devices company.  TCS has been selected as a strategic partner for application development and maintenance services for two leading retailers in North America.  A large telecom service provider in APAC has selected TCS as its strategic BPO partner covering order to activate and billing processes.  One of the Top European Pharmaceutical companies has selected TCS as a strategic partner for its drug safety operations in a multi-year, multi-million dollar deal.  A leading retail bank in Europe has selected TCS for a multi-year managed services contract covering application development, maintenance and support of their Core Banking & Mortgages systems.  One of the top European Utilities has chosen TCS as the sole partner in the Customer Services area to provide business process services and support them in enhancing their customer experience.  A large filtration machinery and services company has engaged TCS in a multi-year, multi-million dollar deal for ERP services.  TCS’ core banking solution in the cloud paradigm "Bank in a box" has been selected as the core banking solution for a large number of district cooperative banks across states. 17th January 2012 16
  • 18. Total Employee Base Total Employees : 226,751 214,770 226,751 202,190 198,614 186,914 Q3-11 Q4-11 Q1-12 Q2-12 Q3-12 17th January 2012
  • 19. Q3 Consolidated - Gross Additions 18,907 & Net Additions 11,981 Gross Additions: • 10,341 Trainees & 6,763 Laterals in India • 1,803 employees overseas Attrition*: 20,219 20,349 • 12.8% (LTM), including BPO 19,324 18,907 • IT Services: 11.7% (LTM) • BPO: 22.6% (LTM) 12,497 12,580 11,981 11,700 11,988 Utilization Rate*: • 82.02% (excluding Trainees) • 74.04% (including Trainees) 3,576 * Excluding Subsidiaries: CMC, e-Serve & FY11 - Q3 FY11 - Q4 FY12 - Q1 FY12 - Q2 FY12 - Q3 Diligenta Gross Additions Net Additions 17th January 2012
  • 20. Diversity  31% of our workforce are women  63.6% of our associates have more than 3 years of work experience  Associates from 103 nationalities Composition of International Workforce (Consolidated) Others 17.0% Mexican 8.6% British 16.3% Indians 93.4% American Chilean Others 16.0% 7.9% 6.6% Hungarian 3.8% Chinese 11.8% Ecuadorian Brazilian Uruguayan 10.6% TCS Consolidated (Including Subsidiaries CMC, e-Serve & Diligenta) 2.5% 5.5% 17th January 2012
  • 22. Indian GAAP Income Statement - Consolidated ` Crore % of Total Income Consolidated Indian GAAP Q3 FY12 Q2 FY12 Q3 FY11 Q3 FY12 Q2 FY12 Q3 FY11 INCOME a) IT & Consultancy Services 12,723 11,290 9,331 96.36 97.05 96.57 b) Manufacturing, Sale of equipment and Licences 481 343 332 3.64 2.95 3.43 Total Income 13,204 11,633 9,663 100.00 100.00 100.00 EXPENDITURE a ) Salaries & Wages 4,818 4,484 3,552 36.49 38.55 36.76 b ) Overseas business expenditure 1,815 1,673 1,405 13.74 14.38 14.54 c) Other operating expenses 2,477 2,092 1,806 18.76 17.99 18.69 Total Expenditure 9,110 8,249 6,763 68.99 70.92 69.99 Profit Before Interest, Depreciation, Taxes & Other Income 4,094 3,384 2,900 31.01 29.08 30.01 Interest 5 9 5 0.04 0.08 0.05 Depreciation 235 232 188 1.78 1.99 1.95 Profit Before Taxes & Other Income 3,854 3,143 2,707 29.19 27.01 28.01 Other income (expense), net (87) 122 194 (0.66) 1.05 2.01 Profit Before Taxes 3,767 3,265 2,901 28.53 28.06 30.02 Provision For Taxes 783 724 504 5.93 6.22 5.22 Profit Before Taxes on Dividend from foreign subsidiaries & Minority Interest 2,984 2,541 2,397 22.60 21.84 24.80 Provision for Taxes on Dividend from foreign subsidiaries 148 214 - 1.12 1.84 - Profit After Tax & Before Minority Interest 2,836 2,327 2,397 21.48 20.00 24.80 Minority Interest (33) (26) (27) (0.25) (0.23) (0.28) Net Profit 2,803 2,301 2,370 21.23 19.77 24.52 17th January 2012 22
  • 23. Indian GAAP Balance Sheet - Consolidated Consolidated Indian GAAP ` Crore % 31-Dec-11 31-Mar-11 31-Dec-11 31-Mar-11 Source of Funds Shareholders' Funds 29,707 24,505 95.93 96.22 Minority Interest 527 458 1.70 1.80 Loan Funds 63 69 0.20 0.27 Deferred Tax Liability 153 109 0.50 0.43 Non Current Liabilities 517 327 1.67 1.28 Total Liabilities 30,967 25,468 100.00 100.00 Application of Funds Fixed Assets (net) 6,151 5,441 19.86 21.36 Goodwill 3,570 3,232 11.53 12.69 Deferred Tax Asset 279 160 0.90 0.63 Investments 1,775 1,763 5.73 6.92 Cash and Bank Balance 5,953 4,700 19.23 18.46 Current Assets, Loans and Advances 16,097 11,685 51.98 45.88 Current Liabilities and Provisions 8,069 7,213 26.06 28.32 Net Current Assets 13,981 9,172 45.15 36.02 Non Current Assets 5,211 5,700 16.83 22.38 Total Assets 30,967 25,468 100.00 100.00 17th January 2012 23
  • 24. IFRS Income Statement ` Million % of Revenue Consolidated IFRS Q3 FY12 Q2 FY12 Q3 FY11 Q3 FY12 Q2 FY12 Q3 FY11 Revenue 132,040 116,335 96,633 100.00 100.00 100.00 Cost of revenue 69,964 63,716 52,753 52.99 54.77 54.59 Gross margin 62,076 52,619 43,880 47.01 45.23 45.41 SG & A expenses 23,458 21,076 16,562 17.77 18.12 17.14 Operating income 38,618 31,543 27,318 29.24 27.11 28.27 Other income (expense), net (920) 997 1,822 (0.70) 0.86 1.89 Income before income taxes 37,698 32,540 29,140 28.54 27.97 30.16 Income taxes 8,538 7,913 5,491 6.47 6.80 5.68 Income after income taxes 29,160 24,627 23,649 22.07 21.17 24.48 Minority interest 294 237 189 0.22 0.21 0.20 Net income 28,866 24,390 23,460 21.85 20.96 24.28 INR INR INR Earnings per share in INR 14.75 12.46 11.99 17th January 2012 24
  • 25. COR – SG&A Details 17th January 2012 25
  • 26. IFRS Balance Sheet 31-Dec-11 31-Mar-11 Consolidated IFRS ` Million % ` Million % Assets Cash and cash equivalents 18,889 4.86 15,539 4.74 Accounts receivable 115,263 29.67 82,016 25.01 Unbilled revenues 20,425 5.26 13,489 4.11 Other current financial assets 54,345 13.99 39,297 11.99 Other non current financial assets 20,777 5.35 33,097 10.09 Property and equipment 60,663 15.62 51,996 15.86 Intangible assets and Goodwill 35,046 9.02 33,791 10.31 Investments 18,944 4.88 18,390 5.61 Other current assets 11,420 2.94 14,523 4.43 Other non current assets 32,665 8.41 25,745 7.85 Total assets 388,437 100.00 327,883 100.00 Liabilities and Shareholders' Equity Current liabilities 74,609 19.21 58,335 17.79 Short term borrowings 237 0.06 328 0.10 Redeemable preference shares 1,000 0.26 1,000 0.31 Long term borrowings 27 0.01 38 0.01 Other non-current liabilities 11,330 2.91 10,991 3.35 Minority interest 4,892 1.26 3,147 0.96 Shareholders' Funds 296,342 76.29 254,044 77.48 Total Liabilities 388,437 100.00 327,883 100.00 17th January 2012 26
  • 27. IFRS Income Statement – In USD Consolidated IFRS $ Million % of Revenue Q3 FY12 Q2 FY12 Q3 FY11 Q3 FY12 Q2 FY12 Q3 FY11 Revenue 2,586 2,525 2,144 100.00 100.00 100.00 Cost of revenue 1,370 1,383 1,170 52.99 54.77 54.59 Gross margin 1,216 1,142 974 47.01 45.23 45.41 SG & A expenses 460 458 368 17.77 18.12 17.14 Operating income 756 684 606 29.24 27.11 28.27 Other income (expense), net (18) 22 40 (0.70) 0.86 1.89 Income before income taxes 738 706 646 28.54 27.97 30.16 Income taxes 164 172 122 6.33 6.83 5.69 Income after income taxes 574 534 524 22.21 21.14 24.47 Minority Interest 6 6 4 0.25 0.24 0.19 Net Income 568 528 520 21.96 20.90 24.28 USD USD USD Earnings Per Share in USD 0.29 0.27 0.27 17th January 2012 27
  • 28. COR – SG&A Details – In USD 17th January 2012 28
  • 29. IFRS Balance Sheet in USD 31-Dec-11 31-Mar-11 Consolidated IFRS $ Million % $ Million % Assets Cash and Cash equivalents 355 4.87 349 4.74 Accounts Receivable 2,162 29.67 1,839 25.01 Unbilled Revenues 383 5.26 303 4.11 Other current financial assets 1,020 13.99 881 11.99 Other non current financial assets 390 5.35 742 10.09 Property and equipment 1,138 15.61 1,166 15.86 Intangible assets and Goodwill 657 9.02 758 10.31 Investments 355 4.88 412 5.61 Other current assets 214 2.94 326 4.43 Other non current assets 613 8.41 577 7.85 Total assets 7,287 100.00 7,353 100.00 Liabilities and Shareholders' Equity Current liabilities 1,400 19.21 1,309 17.80 Short term borrowings 4 0.06 7 0.10 Redeemable Preference Shares 19 0.26 22 0.30 Long term borrowings 1 0.01 1 0.01 Other non-current liabilities 213 2.92 246 3.35 Minority Interest 91 1.25 71 0.96 Shareholders' Funds 5,559 76.29 5,697 77.48 Total Liabilities 7,287 100.00 7,353 100.00 17th January 2012 29
  • 30. Currency mix and average realized rates in INR Average rates % of Revenue Currency Q3 FY12 Q2 FY12 Q3 FY12 Q2 FY12 USD 51.07 46.07 59.50% 59.31% GBP 80.53 74.22 12.44% 12.31% EUR 68.88 65.31 7.49% 7.45% Others 20.57% 20.93% 100.00% 100.00% 17th January 2012 30