TDCX INC Reports 5.5% Increase in Total Revenue for Q2 FY2023
August 25, 2023

☀️Earnings Overview
For the quarter ending June 30 2023, TDCX INC ($NYSE:TDCX) reported total revenue of SGD 171.1 million, representing a 5.5% year-over-year increase. Net income for the period was SGD 29.3 million, with a 9.2% year-on-year increase.
Analysis
GoodWhale has conducted an analysis of TDCX INC‘s fundamentals and the results indicate that it is a medium risk investment in terms of financial and business aspects. This assessment takes into account factors such as financial stability, market position, and the availability of resources. GoodWhale has also detected 1 risk warning in the cashflow statement, which may put the company in a vulnerable position. To view more details on the risk warning, individuals must register with GoodWhale. It is important for investors to do their own research and consider their own risk profiles before investing in any company. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tdcx Inc. More…
Total Revenues | Net Income | Net Margin |
685.5 | 112.41 | 16.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tdcx Inc. More…
Operations | Investing | Financing |
115.02 | -49.5 | -30.95 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tdcx Inc. More…
Total Assets | Total Liabilities | Book Value Per Share |
725.36 | 114.47 | 4.22 |
Key Ratios Snapshot
Some of the financial key ratios for Tdcx Inc are shown below. More…
3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
26.2% | 18.9% | 21.4% |
FCF Margin | ROE | ROA |
13.1% | 15.4% | 12.6% |

Peers
The competition between TDCX Inc and its competitors – Hinduja Global Solutions Ltd, Project Co Inc, and Teleperformance SE – is fierce. All companies are continually striving to provide superior customer service, cutting-edge technology, and innovative solutions to their customers. Each company is continuously looking for ways to outdo the other and gain an advantage in the marketplace.
– Hinduja Global Solutions Ltd ($BSE:532859)
Hinduja Global Solutions Ltd (HGS) is a leading provider of integrated business process management services, including customer care, technical support, analytics and digital transformation. Its market cap of 56.87B as of 2023 indicates the size and scale of the company and its operations. Its Return on Equity (ROE) of 2.85% is indicative of its profit making capability with respect to the invested capital. HGS is considered a leader in its field, providing services to some of the largest companies in the world.
– Project Co Inc ($TSE:9246)
Project Co Inc is a leading provider of innovative solutions, products, and services. With a market capitalization of 28.28B and a return on equity of 20.99%, the company is well-positioned to continue to provide cutting-edge products and services to its growing customer base. The company’s market cap reflects the confidence that investors have in the strength of the company and its future prospects. The company’s return on equity reflects the efficiency with which the company has been able to generate returns on its investments. This is further evidence of the company’s financial health, and ability to generate profits for its shareholders.
– Teleperformance SE ($OTCPK:TLPFY)
Teleperformance SE is a leading global provider of customer experience management and business process outsourcing services. The company has a market capitalization of 13.83 billion dollars as of 2023, reflecting its strong performance in the industry. Additionally, Teleperformance SE has a Return on Equity (ROE) of 17.15%, signifying that the company is able to generate high returns on its invested capital, and is thus able to attract investors and maintain its market capitalization. The company has achieved this strong performance by providing customers with tailored solutions and excellent customer service, allowing them to deliver superior customer experiences. By continuing to build on its strengths and focus on providing the best customer experience possible, Teleperformance SE can ensure its sustained success in the industry.
Summary
TDCX Inc. experienced a 5.5% increase in total revenue for the second quarter of FY2023, ending June 30th 2023, from the same period the previous year. Net income for the quarter also experienced a 9.2% increase from the same period of the previous year. Despite this strong financial performance, the stock price moved down on the same day.
This signals that investors are cautious about TDCX Inc.’s future prospects. Analysts will want to consider short-term and long-term factors when evaluating TDCX Inc. for investment purposes, such as company strengths, competitive market conditions and the potential risks associated with the company’s operations.
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