• Currency hedging strategy: TCS fully hedges its receivables two quarters forward to manage downside volatility, while recent rupee depreciation provided a tailwind to financial performance.
• Operating margin movement: Sequential margins improved by 10 basis points, as a 150 basis point boost from currency tailwinds (110 bps) and productivity gains (40 bps) was reinvested into tactical interventions, subcontractors, partnerships, recruitment, and M&A.
• Annual wage hikes: The company announced global annual increments for all eligible employees effective April 1, returning to its regular appraisal schedule with quantum similar to the prior cycle.
• Campus recruitment figures: TCS onboarded 44,000 trainees from campuses over the year and has already rolled out close to 25,000 campus offers for the upcoming financial year.
• AI revenue growth: Revenue derived from AI increased from $1.8 billion in the previous quarter to over $2.3 billion, supported by ongoing growth momentum in North America and the UK.