Today, 23rd April 2018, happens to be a historic day in Indian Stock Markets when an Indian listed company TCS hit US $ 100 billion market capitalization. This glorious feat was attained in the Golden Jubilee Year of the Company when Q4 FY17-18 results turned out to be better than expectations on all parameters. It declared a bonus shares in the ratio of 1:1 and a dividend of Rs 50/- per share, including 3 interim dividends of Rs 7/- each, in the 50th year of its existence.
On an equity capital base of Rs 191 crores and capital reserves of Rs 84,937 crores, TCS has generated annual revenue of Rs 126,746 crores and posted net profit of Rs 25,880 crores in the Golden Jubilee Year (FY2017-18) of its existence.
Tata Consultancy Services (TCS) is an Indian multinational company Information Technology Services, Consulting and Business Solutions provider headquartered in Mumbai, India. Post slowdown of business in the IT sector, it quickly changed its strategy to capture 23% revenue share in the growing digital segment. It has accomplished 9th largest IT services provider position in the globe, in terms of revenue.
TCS was founded in 1968 by a division of Tata Sons Ltd, It continued its organic journey till 2000 by spreading its wings across the world. Post Y2K, it went on acquisition spree as it acquired as many as 15 domestic and overseas companies to change its growth path to Inorganic one. TCS has total of 58 subsidiaries having presence in 46 countries with 289 offices.
Besides being a consistent profitable company, TCS demonstrates care for the community through its focus on education & skill development, healthcare and environmental sustainability. Corporate Social Responsibility (CSR) programs in India are implemented by TCS Foundation through NGOs, Trusts, Government bodies, Educational Institutions and other suitable Institutions.
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