Tata Consultancy Services (TCS) has navigated the Covid pandemic successfully, earned tremendous goodwill of customers and the company is well positioned to benefit from the multi year technology cycle ahead said, N Chandrasekaran, Company’s chairman at the 26th Annual General Meeting (AGM) on Thursday. He said, TCS has consistently re-invented in new services and offerings required for the future and the company has delivered industry leading operating margin of 25.9% in FY21 with a total dividend payout of Rs 38 per share, completed Rs 16000 cr share buyback in FY21 and returned 95% of free cash flow to customers.
Speaking about the demand environment Rajesh Gopinathan, CEO and MD, TCS said, “we are at the start of a multi year technology upcycle”. Customers leveraged technology across the entire value chain in order to achieve operational resilience and shifted significantly to digital channels and cloud. Expect significant technological transformation across multiple industries which gives long term visibility in the overall demand environment. TCS ‘consistent investments in building on growth and transformation capability has started showing good results as the company recorded a 17.1% growth in total contracts and signed $31.6 billion in new contracts in FY21.
Let’s listen to Poonam Saney to catch more details from TCS AGM
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