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29 per cent jump in TCS revenues

In spite of a poor domestic economy and a turbulent global economy, TCS has managed to increase its revenue by 29 per cent at Rs 62,989 crore in 2012-13. Net profit has rose by 34 per cent amounting to Rs 13,917 crore. America and Europe were the main revenue generators contributing more than 25 per cent. Emerging markets like Asia Pacific, Middle East and Africa have contributed more than 35 per cent. Retail and consumer packaged goods formed 40 per cent of the revenue followed by Banking, Financial services and Insurance (BFSI) at 30 per cent and telecom 23 per cent. The total R&D and innovation expenditure has been at 1.23 per cent of the turnover. IT companies have brought about the trend of job jumping. TCS has managed to maintain its attrition rate at 10.60 per cent in 2012-13 against 12.20 per cent in 2011-12. TCS has remained the highest recruiter in the industry with a gross addition of 69,728 employees across the globe. The company boasts of a 32 per cent women work force in the total work force.

 

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