During Rajesh Gopinathan’s six-year tenure as CEO which started in January 2017, the revenue of Tata Consultancy Services (TCS) increased to $27,428 million in the trailing 12 months (TTM) from $19,089 million in FY18 — a compounded annual growth rate (CAGR) of 7.5%.
Among the top four peers, it was slower than the 10.4% and 9.5% growth reported by Infosys and HCL Technologies, respectively.
In rupee terms, the revenue of TCS grew by 12% annually to Rs 2,16,877 crore while net profit rose by 9.5% to Rs 40,681 crore during the period.
The company’s market cap rose to around Rs 11.7 lakh crore from Rs 4.5 lakh crore, a CAGR of nearly 18%. The stock gained nearly three times during Gopinathan’s tenure, beating the benchmark Sensex which grew over two times. On Thursday, TCS announced that Gopinathan had resigned from his post to pursue “other interests”. He will be replaced by K Krithivasan.