TCS expects margin benefits as BSNL deal tapers; to create 25K-seat capacity in Bengaluru: CFO
Live MintMumbai, Jan 12 Tapering off in the BSNL deal expected over the next few quarters will aid TCS to expand profit margin, a senior company official has said. "The same program as it tapers down at a portfolio level, at an overall level, there would be a benefit which would come in," Seksaria said replying a specific question on the impact of BSNL deal's tapering down on margins. The company was able to post a sequential margin expansion of 0.4 per cent and maintain it on a year-on-year basis despite the 1.70 per cent wage hikes earlier in the fiscal year. On the ₹1,625-crore land buy deal from a Tata group company announced last week, Seksaria said the company is planning to put the capacity to expand in Whitefield, a prime area of the IT capital.
History of this topic
TCS Q3 Results: Net Profit Rises 8.2% To Rs 11,735 Crore, Revenue Up 4%; Rs 18 Special Dividend Declared
News 18
TCS Q2 results: Net profit rises 8.7% to Rs 11,342
India TV NewsTCS Q3 net profit rises 7.2 pc; logs strongest third quarter growth in 9 years
The HinduDiscover Related
