CREATING VALUE

TCS stays resilient in FY24, strengthens global leadership and prepares for future growth with innovation, digitisation, AI, and tech-led transformation

- K. KRITHIVASAN, CEO and Managing Director

TATA CONSULTANCY Services (TCS), India's largest IT services exporter, wrapped up FY24 with a solid performance, underpinned by deep client trust, sharp execution, and an unwavering focus on long-term transformation. Despite global risks, the company continued to deliver industry-leading profitability, expand its digital capabilities, and invest in future-ready talent and platforms.

TCS reported revenue of Rs 2,40,893 crore for FY24, a 6.8 per cent increase year-on-year, with constant currency growth of 4.1 per cent. Net profit came in at Rs 45,908 crore, up 9 per cent from Rs 42,303 crore in FY23, while operating margin expanded 80 basis points to 24.6 per cent—one of the best in the industry.

CEO and MD K. Krithivasan, in his first full year at the helm, called FY24 a year of “resilience and repositioning.” He said, “In a challenging demand environment, we remained focused on strengthening client relationships, investing in talent and platforms, and driving operational excellence. This positions us strongly for the next wave of growth.”