{"id":126262,"date":"2022-01-13T07:03:10","date_gmt":"2022-01-13T12:03:10","guid":{"rendered":"https:\/\/44.250.171.167\/?p=126262"},"modified":"2022-01-28T03:54:44","modified_gmt":"2022-01-28T08:54:44","slug":"tata-consultancy-services-ltd-q3-fy22-earnings-conference-call-summary","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/tata-consultancy-services-ltd-q3-fy22-earnings-conference-call-summary\/","title":{"rendered":"Tata Consultancy Services Ltd Q3 FY22 Earnings Conference Call Summary"},"content":{"rendered":"<p><strong>Key highlights from Tata Consultancy Services (<a href=\"https:\/\/44.250.171.167\/symbol\/tcs\/\">TCS<\/a>) Q3 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>\n<p>TCS expects to increase its investments in its digital core offerings, technology and operations, with cloud continuing to be the big growth driver.<\/p>\n<\/li>\n<li>\n<p>The company mentioned that on a LTM basis, the company&#8217;s attrition in IT services was at 15.3% in Q3. It also said that TCS is increasing its fresher hiring to meet the unprecedented volumes of hiring going forward.<\/p>\n<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>\n<p>On the attrition scenario, Sandip Agarwal of Edelweiss asked when the company expects it to be at pre-COVID levels. Milind Lakkad, EVP HR said the company expects attrition to be more flattening off of current levels and eventually slowly coming down going forward.<\/p>\n<\/li>\n<li>\n<p>Diviya Nagarajan of UBS questioned about the pricing environment. CFO Samir Seksaria said that the company is seeing a slight uptick in pricing in the current quarter. But overall, TCS is expecting a rising pricing environment.<\/p>\n<\/li>\n<li>\n<p>Sandeep Shah of Equirus Securities enquired about the demand as a whole for the industry. COO N. Ganapathy commented that for the foreseeable future, TCS believes that the demand environment will continue to be there as the industry is seeing accelerated hiring.<\/p>\n<\/li>\n<li>\n<p>Gaurav Rateria with Morgan Stanley asked about realization at the portfolio level. CEO Rajesh Gopinathan says there is no lag to realization as its impact is the net impact after everything has happened. But overall pricing trend should show an upward trend and that should show in future realizations.<\/p>\n<\/li>\n<li>\n<p>Manik Taneja of JM Financial asked the scenario of higher subcontracting charges due to employee attrition. CFO Samir said that the company\u2019s subcontractor expenses are currently at 9% and expects this to continue till the churn remains at an elevated level.<\/p>\n<\/li>\n<\/ul>\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"1428\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Tata-Consultancy-Services-Q322.jpg\" alt=\"\" class=\"wp-image-126233\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Tata-Consultancy-Services-Q322.jpg 1280w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Tata-Consultancy-Services-Q322-269x300.jpg 269w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Tata-Consultancy-Services-Q322-918x1024.jpg 918w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Tata-Consultancy-Services-Q322-768x857.jpg 768w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Tata Consultancy Services (TCS) Q3 FY22 Earnings Concall Management Update: TCS expects to increase its investments in its digital core offerings, technology and operations, with cloud continuing to be the big growth driver. The company mentioned that on a LTM basis, the company&#8217;s attrition in IT services was at 15.3% in Q3. [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":126233,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,8],"tags":[6407,8532],"class_list":["post-126262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-technology-stocks","tag-most-read","tag-technology"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Tata-Consultancy-Services-Q322.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":128440,"url":"https:\/\/alphastreet.com\/india\/tata-consultancy-services-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":126262,"position":0},"title":"Tata Consultancy Services Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"April 12, 2022","format":false,"excerpt":"https:\/\/youtu.be\/WIgBR_tj5nk Key highlights from Tata Consultancy Services Ltd (TCS) Q4 FY22 Earnings Concall Management Update: TCS said it added $3.533 billion in incremental revenue during the year, the company\u2019s highest ever. \u00a0 The company reported an all-time high employee net additions for 4Q22 of 35,209 and 103,546 for FY22, bringing\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/Tata-Consultancy-Services-Q422.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/Tata-Consultancy-Services-Q422.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/Tata-Consultancy-Services-Q422.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/Tata-Consultancy-Services-Q422.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/Tata-Consultancy-Services-Q422.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":131050,"url":"https:\/\/alphastreet.com\/india\/tata-consultancy-services-ltd-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":126262,"position":1},"title":"Tata Consultancy Services Ltd Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"July 11, 2022","format":false,"excerpt":"https:\/\/youtu.be\/DOAeyPKrACU Key highlights from Tata Consultancy Services Ltd (TCS) Q1 FY23 Earnings Concall Management Update: TCS said its LTM attrition in IT services was at 19.7% for the quarter, and expects it to rise further in Q2. Q&A Highlights: Ankur Rudra of JP Morgan enquired about margin headwinds in June\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":138555,"url":"https:\/\/alphastreet.com\/india\/tata-consultancy-services-ltd-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":126262,"position":2},"title":"Tata Consultancy Services Ltd Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"January 10, 2023","format":false,"excerpt":"https:\/\/youtu.be\/lf8JUS31__4 Key highlights from Tata Consultancy Services Ltd (TCS) Q3 FY23 Earnings Concall Management Update: [00:06:42] TCS said LTM attrition in IT services stood at 21.3%, marginally down QonQ and quarterly annualized attrition also fell by about 6% in 3Q23. [00:13:00] TCS commented that a more balanced year is expected\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":124162,"url":"https:\/\/alphastreet.com\/india\/tata-consultancy-services-ltd-tcs-q1-fy22-earnings-concall\/","url_meta":{"origin":126262,"position":3},"title":"Tata Consultancy Services Ltd (TCS) Q1 FY22 Earnings Concall","author":"Sahil_Anand","date":"July 8, 2021","format":false,"excerpt":"Tata Consultancy Services Ltd (NSE:TCS) Q1 FY22 Earnings Concall dated Jul. 08, 2021","rel":"","context":"In &quot;Technology&quot;","block_context":{"text":"Technology","link":"https:\/\/alphastreet.com\/india\/category\/technology-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Tata-Consultancy-Services-Ltd-Q1-FY22-Earnings-Concall.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Tata-Consultancy-Services-Ltd-Q1-FY22-Earnings-Concall.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Tata-Consultancy-Services-Ltd-Q1-FY22-Earnings-Concall.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Tata-Consultancy-Services-Ltd-Q1-FY22-Earnings-Concall.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Tata-Consultancy-Services-Ltd-Q1-FY22-Earnings-Concall.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Tata-Consultancy-Services-Ltd-Q1-FY22-Earnings-Concall.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":143656,"url":"https:\/\/alphastreet.com\/india\/tata-consultancy-services-ltd-q4-fy23-earnings-conference-call-insights\/","url_meta":{"origin":126262,"position":4},"title":"Tata Consultancy Services Ltd Q4 FY23 Earnings Conference Call Insights","author":"Praveen","date":"April 13, 2023","format":false,"excerpt":"https:\/\/youtu.be\/UIhh6l0AmVw Key highlights from Tata Consultancy Services Ltd (TCS) Q4 FY23 Earnings Concall Management Update: [00:06:43] TCS said it on-boarded over 44,000 freshers, and highest number of experienced professional during FY23. [00:14:39] TCS said its clients, especially in North America and Europe took a cautious approach to their projects, resulting\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":154817,"url":"https:\/\/alphastreet.com\/india\/tata-consultancy-services-ltd-q2-fy24-earnings-conference-call-insights\/","url_meta":{"origin":126262,"position":5},"title":"Tata Consultancy Services Ltd Q2 FY24 Earnings Conference Call Insights","author":"Praveen","date":"October 11, 2023","format":false,"excerpt":"Key highlights from Tata Consultancy Services Ltd (TCS) Q2 FY24 Earnings Concall Financial Performance TCS reported a 7.9% YoY growth in revenue in rupee terms, 2.8% growth in constant currency terms, and 4.8% growth in dollar terms. Operating margin was 24.3%, up 110 bps sequentially due to higher utilization and\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/126262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=126262"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/126262\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/126233"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=126262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=126262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=126262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}