v3.24.1.1.u2
Revenue from Operations (Tables)
12 Months Ended
Mar. 31, 2024
Revenue [abstract]  
Summary of Revenue

Revenues for fiscal 2024, 2023, and 2022 are as follows:

 

(Dollars in millions)

 

 

 

Year ended March 31,

 

 

 

2024

 

 

2023

 

 

2022

 

Revenue from software services

 

 

17,549

 

 

 

17,072

 

 

 

15,225

 

Revenue from products and platforms

 

 

1,013

 

 

 

1,140

 

 

 

1,086

 

Total Revenue from Operations

 

 

18,562

 

 

 

18,212

 

 

 

16,311

 

Summary of Percentage of Revenues

The following table gives details in respect of percentage of revenues generated from top five customers and top ten customers:

 

 

 

(In %)

 

 

 

Year ended March 31,

 

 

 

2024

 

 

2023

 

 

2022

 

Revenue from top five customers

 

13.3

 

 

12.7

 

 

 

11.4

 

Revenue from top ten customers

 

 

20.0

 

 

 

20.2

 

 

 

19.3

 

 

Year ended March 31, 2024, March 31, 2023 and March 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

Particulars

Year ended

 

 

2024

 

 

2023

 

 

2022

 

Revenues by Geography*

 

 

 

 

 

 

 

 

North America

 

11,163

 

 

 

11,262

 

 

 

10,066

 

Europe

 

5,105

 

 

 

4,670

 

 

 

4,039

 

India

 

469

 

 

 

478

 

 

 

480

 

Rest of the world

 

1,825

 

 

 

1,802

 

 

 

1,726

 

Total

 

18,562

 

 

 

18,212

 

 

 

16,311

 

 

 

*Geographical revenues are based on the domicile of customer

Summary of Unbilled Revenue

 

 

 

 

 

(Dollars in millions)

 

 

 

As of

 

 

 

March 31, 2024

 

 

March 31, 2023

 

Unbilled financial asset (1)

 

 

1,151

 

 

 

1,157

 

Unbilled non-financial asset (2)

 

 

593

 

 

 

880

 

 

 

1,744

 

 

 

2,037

 

 

(1)
Right to consideration is unconditional and is due only after a passage of time.
(2)
Right to consideration is dependent on completion of contractual milestones.