Nearshore Americas
TCS Revenue

TCS Revenue Soars; LatAm Operations Register 21% Growth

Tata Consultancy Services (TCS) has reported consolidated revenue of US$6.5 billion for the fiscal quarter ending December 31st 2021, with the company’s Latin American operations registering a staggering 21% growth.

The company’s quarterly profit exceeded $1.3 billion, thanks largely due to the COVID-19 pandemic that stoked demand for digital transformation services around the globe.

Among the services verticals, cloud computing experienced unprecedented growth, followed by cyber security. Considering the growth numbers, TCS is winning contracts from many LatAm multinationals.

Four months ago, in September 2021, the IT provider reached a deal with Avianca, a major airliner in South America, for cloud computing services. Under the deal, TCS also agreed to modernize the carrier’s IT infrastructure.

“Customers love our engagement model, our end-to-end capability, and our can-do approach to problem-solving,” claims the company’s CEO Rajesh Gopinathan in a press release.

TCS has significant operations in many LatAm countries, Brazil and Mexico in particular. It has recently expanded operations to the Central American country of Guatemala as well.

Despite the shortage in tech talent, TCS added 28,238 professionals during the quarter, taking its total headcount globally to in excess of 550,000.

Sign up for our Nearshore Americas newsletter:

Interestingly, today female workers account for almost 40% of its workforce. The number of female executives rose in number, increasing by 68% between 2016 and 2021.

Narayan Ammachchi

News Editor for Nearshore Americas, Narayan Ammachchi is a career journalist with a decade of experience in politics and international business. He works out of his base in the Indian Silicon City of Bangalore.

Add comment