TCS kickstarts earnings season with worst Q3 performance in nine years
5 days, 18 hours ago

TCS kickstarts earnings season with worst Q3 performance in nine years

Live Mint  

Tata Consultancy Services Ltd kicked off the quarterly earnings season on a gloomy note, clocking the worst third-quarter revenue decline since December 2015. TCS reported December quarter revenue of $7.54 billion, down 1.7% from the September quarter, and close to the $7.55 billion estimated in a Bloomberg analysts' poll. “Given the seasonal weakness and software discretionary demand environment in this quarter, most of the verticals and markets saw a sequential negative growth on a quarter-on-quarter basis,” Krithivasan said at a post-earnings press conference. “TCS's weak Q3 performance was on account of muted revenue performance across key developed markets such as North America, UK and Europe as well as key clients across financial services, manufacturing, telecom, life sciences,” said Manik Taneja, executive director for IT services at Axis Capital.

Business India Europe Performance Services Revenue Billion Quarter Tcs Krithivasan Discretionary Spend  quarter  services  tcs  season  performance  saw  worst  kickstarts  q3  revenue  markets  business  billion  sequentially  earnings

History of this topic

Tata Consultancy Services Q3 Results 2025: Profit Rises by 11.96% YOY to ₹12380 Crore
4 days, 4 hours ago

Tata Consultancy Services Q3 Results 2025: Profit Rises by 11.96% YOY to ₹12380 Crore

Live Mint  

Tata Consultancy Services Q3 Results 2025:Tata Consultancy Services declared their Q3 results on 09 Jan, 2025, reporting a topline increase of 5.6% year-on-year. The profit for the quarter stood at ₹12380 crore, marking an impressive rise of 11.96% YOY, while the revenue reached ₹63973 crore. Get insights In addition to the quarterly results, TCS has declared an interim dividend of …

TCS shares jump nearly 5 pc post-December quarter earnings
5 days, 5 hours ago

TCS shares jump nearly 5 pc post-December quarter earnings

Live Mint  

New Delhi, Jan 10 Shares of Tata Consultancy Services jumped nearly 5 per cent on Friday morning after the IT services company reported an 11.95 per cent jump in December quarter net profit to ₹12,380 crore. The Tata Group company had reported a net profit of ₹11,058 crore in the year-ago period and ₹11,909 crore in the preceding September quarter. …

TCS Q3 Dividend: IT major announces interim dividend of ₹10; special dividend of ₹66 per share
5 days, 23 hours ago

TCS Q3 Dividend: IT major announces interim dividend of ₹10; special dividend of ₹66 per share

Live Mint  

TCS Q3 Dividend: India's largest IT firm, Tata Consultancy Services, announced its third interim dividend issue along with a special dividend issue on Thursday, Janaury 9. The company declared an interim dividend issue of ₹10 per equity share held, along with a special dividend of ₹66 per equity share with a face value of ₹1 each, according to the exchange …

TCS Q3 results: Net profit rises 12% YoY to ₹12,380 crore; revenue up 5%
5 days, 23 hours ago

TCS Q3 results: Net profit rises 12% YoY to ₹12,380 crore; revenue up 5%

Live Mint  

TCS Q3 results: India's largest IT firm, Tata Consultancy Services Ltd, announced their October to December quarter results on Thursday, Janaury 9. The company announced a 12 per cent rise in net profit to ₹12,380 crore in the third quarter of the financial year 2024-25, compared to ₹11,058 crore in the previous year. TCS Q3 results showed that the revenue …

TCS Q3 Results Preview: Net profit seen up 3% QoQ, while furloughs may dent revenue growth; margins likely to expand
1 week ago

TCS Q3 Results Preview: Net profit seen up 3% QoQ, while furloughs may dent revenue growth; margins likely to expand

Live Mint  

Tata Consultancy Services, the largest IT services company in India, is set to declare its financial results for the third quarter of FY25 on January 9, kicking off the Q3 earnings season. Brokerage firm Nuvama Institutional Institutional Equities expects TCS to deliver 0.1% QoQ Constant Currency revenue growth and -0.8% QoQ USD decline due to lower BSNL revenue and furloughs, …

Trent Q2 Results: Profit grows 47% YoY to ₹355 crore, revenue rises 39%
2 months, 1 week ago

Trent Q2 Results: Profit grows 47% YoY to ₹355 crore, revenue rises 39%

Live Mint  

Trent Q2 Results: Trent Ltd, a Tata Group company, posted a 46.9 per cent year-on-year growth in consolidated net profit for the September quarter to ₹355.06 crore on Thursday, November 7. On a standalone basis, Trent's revenue jumped 39 per cent YoY to ₹4,035.56 crore while the net profit rose 46.18 per cent YoY to ₹423.44 crore. In an otherwise …

TCS share price jumps after Q1 results, brokerages say 'worst is over' for the stock
6 months ago

TCS share price jumps after Q1 results, brokerages say 'worst is over' for the stock

Hindustan Times  

Tata Consultancy Services' shares gained today after India's top IT services firm reported first-quarter results which signalled early signs of revival for the sector. TCS' growth across all verticals, excluding telecom, coupled with net hiring at a seven-quarter high, are signs of a revival, Jefferies said after TCS Chief Executive K Krithivasan said that he expects FY25 to be better …

TCS Q1 Results Beat Estimates: Net Profit Up 9% to Rs 12,040 Crore, Rs 10 Dividend Declared
6 months ago

TCS Q1 Results Beat Estimates: Net Profit Up 9% to Rs 12,040 Crore, Rs 10 Dividend Declared

News 18  

Tata Consultancy Services, India’s largest IT services company, on Thursday reported a 9 per cent rise year-on-year in its consolidated net profit to Rs 12,040 crore for first quarter of the financial year 2024-25 ended June 30. “We would like to inform you that at the Board Meeting held today, the Directors have declared an interim dividend of ₹ 10 …

TCS CEO earns ₹25.36 crore- least among IT firms heads. Who earns the highest?
8 months ago

TCS CEO earns ₹25.36 crore- least among IT firms heads. Who earns the highest?

Hindustan Times  

Tata Consultancy Services CEO and MD K Krithivasan received ₹25.36 crore in annual compensation in FY24, the company revealed in its annual report. As per TCS' annual report, K Krithivasan received a commission of ₹21 crore in FY24. This is followed by the newly appointed Wipro CEO Srinivas Pallia whose annual remuneration package is almost ₹50 crore. HCL CEO C …

How much India’s largest IT services firm TCS paid its CEO K Krithivasan in FY24
8 months ago

How much India’s largest IT services firm TCS paid its CEO K Krithivasan in FY24

Hindustan Times  

Tata Consultancy Services CEO and managing director K Krithivasan took home a salary of ₹25.4 crore n financial year 2023-24. As per TCS's FY24 annual report, his remuneration includes compensation for the full year, with his service as the company’s global head for banking, financial services and insurance from April 1, 2023 to May 31, 2023 and CEO and managing …

Tata Tech share price plunge 5% on muted Q4 results: Details
8 months, 1 week ago

Tata Tech share price plunge 5% on muted Q4 results: Details

Hindustan Times  

Tata Tech share price: Shares of Tata Technologies fell 5 percent today after the company posted weak results for the January-March quarter. Tata Tech share price: Brokerage JM Financial said Tata Tech's management indicated that some residual draw-down in the Vinfast account will continue in Q1FY25 as well. Tata Tech Q4 results Tata Tech's net profit for the March quarter …

TCS headcount dropped by over 13,000 in the previous fiscal: Report
9 months ago

TCS headcount dropped by over 13,000 in the previous fiscal: Report

Hindustan Times  

Information technology giant Tata Consultancy Services has reported a slump in its headcount for the third consecutive quarter, a first in 19 years. In fiscal 2022, TCS had added 103,546 employees, while the number stood at 40,185 employees in FY21 As per the report, TCS headcount dropped by over 13,249 for the financial year, and on a sequential basis, the …

Win themes: Artificial intelligence and cloud contracts power TCS profits
9 months ago

Win themes: Artificial intelligence and cloud contracts power TCS profits

Hindustan Times  

TCS 4th quarterly results have been announced and it has beaten analysts’ expectations. The TCS statement today revealed the entire laundry list, saying “Win themes across key deals involved Cloud Migration and Modernization, GenAI, Enterprise application services, Identity & Access Management, Connected Devices, Digital Workplace Services, Network Services and Vendor Consolidation.” The statement also added, “AI.Cloud, Enterprise Solutions, IOT&DE and …

TCS salary hike: Offsite employees may get 7-8%, onsite much less appraisal while top performers can expect this
9 months, 3 weeks ago

TCS salary hike: Offsite employees may get 7-8%, onsite much less appraisal while top performers can expect this

Hindustan Times  

Tata Consultancy Services may increase the salaries for its offsite employees by an average of 7-8 percent and for its onsite employees 2-4 percent in 2024-25, it was reported. TCS salary hike: A man walks past a logo of Tata Consultancy Services before a press conference. A source quoted by the report said, “The salary increment process is nearing completion, …

TSC stock soars over 4 per cent as Q3 income rises 8 per cent to Rs 11,735 crore
1 year ago

TSC stock soars over 4 per cent as Q3 income rises 8 per cent to Rs 11,735 crore

India TV News  

Tata Consultancy Services shares rose over 4 per cent during early trade on Friday, contributing Rs 51,921.94 crore to its market valuation. The surge followed TCS reporting an 8.02 per cent growth in net income for the December quarter, amounting to Rs 11,735 crore. TCS, the largest software exporter, reported an 8.2 per cent growth in net income for the …

TCS Q3 Results: Net Profit Rises 8.2% To Rs 11,735 Crore, Revenue Up 4%; Rs 18 Special Dividend Declared
1 year ago

TCS Q3 Results: Net Profit Rises 8.2% To Rs 11,735 Crore, Revenue Up 4%; Rs 18 Special Dividend Declared

News 18  

Tata Consultancy Services, India’s largest IT services company, on Thursday posted a growth of 8.2 per cent year-on-year in its net profit to Rs 11,735 crore for the third quarter ended December 2023. Its revenue during October-December 2023 rose 4 per cent year-on-year to Rs 60,583 crore driven by strong double-digit growth in emerging markets, led by India. “We would …

TCS Q3 net profit rises 2 per cent to Rs 11,058 crore, revenue surges 4 per cent YoY
1 year ago

TCS Q3 net profit rises 2 per cent to Rs 11,058 crore, revenue surges 4 per cent YoY

India TV News  

India's largest IT services company, Tata Consultancy Services, reported a net profit of Rs 11,058 crore in the quarter ended December 31, 2023, marking a 2 percent YoY increase from Rs 10,846 crore in the corresponding quarter of the previous fiscal year. Consolidated revenue rose 4 percent YoY, reaching Rs 60,583 crore in the three months to December 31, according …

Coforge, Cyient outliers amid weak quarter for tech services
1 year, 2 months ago

Coforge, Cyient outliers amid weak quarter for tech services

Live Mint  

Mid-cap information technology service providers, Cofo-rge and Cyient Group, proved outliers in their September quarter earnings filed at the BSE on Thursday. While bellwether large-caps, as well as mid-cap firms such as Larsen & Toubro Technology Services, Persistent Systems and Zensar Technologies, largely offered bleak September quarter figures and cautious commentary for the rest of this fiscal, both Coforge and …

TCS Q2 Results: Net Profit Rises 8.7% YoY To Rs 11,342 Crore, Rs 9 Interim Dividend Declared
1 year, 3 months ago

TCS Q2 Results: Net Profit Rises 8.7% YoY To Rs 11,342 Crore, Rs 9 Interim Dividend Declared

News 18  

Tata Consultancy Services, India’s largest IT services company, on Wednesday kick-started India’s Q2FY24 earnings season. The company posted an 8.73 per cent growth in its net profit to Rs 11,342 crore for the September 2023 quarter. The board of directors also approved a proposal to buyback up to Rs 4,09,63,855 equity shares of the company for an aggregate amount not …

TCS Q2 Results Today: Profit, Revenue Growth Likely To Be Muted; Know Key Things To Watch Out For
1 year, 3 months ago

TCS Q2 Results Today: Profit, Revenue Growth Likely To Be Muted; Know Key Things To Watch Out For

News 18  

TCS Q2 Results To Be Out Today: Tata Consultancy Services, India’s largest IT services provider, will on Wednesday kick-start the Q2 earnings season. Update: TCS Q2 Results: Net Profit Rises 8.7% YoY To Rs 11,342 Crore, Rs 9 Interim Dividend Declared Forecasting a single-digit growth, brokerage firm Kotak Instiutional Equities in its report said, “We forecast marginal revenue growth due …

TCS Q2 results: Net profit rises 8.7% to Rs 11,342
1 year, 3 months ago

TCS Q2 results: Net profit rises 8.7% to Rs 11,342

India TV News  

The country's largest software company Tata Consultancy Services on Wednesday said its net profit increased 8.7 percent year-on-year to Rs 11,342 crore in the September 2023 quarter. Its revenue from operations rose 7.9 percent year-on-year to Rs 59,692 crore in the reporting quarter from Rs 55,309 crore a year ago, the company said. The company's operating profit during the reporting …

TCS Q1 Results: Net profit jumps 16% on year to ₹11,074 cr; declares dividend
1 year, 6 months ago

TCS Q1 Results: Net profit jumps 16% on year to ₹11,074 cr; declares dividend

Live Mint  

Information Technology services major, Tata Consultancy Services Ltd on Wednesday reported an 16.84% year-on-year rise in its consolidated net profit for the fiscal's first quarter ended June to ₹11,074 crore. The IT company's consolidated revenue from operations stood at ₹59,381 crores during the quarter ended June from ₹52,758 crore in Q1FY23. The company's consolidated total income for the quarter ended …

TCS likely to see muted revenue growth in Q1FY24; EBIT margin may contract
1 year, 6 months ago

TCS likely to see muted revenue growth in Q1FY24; EBIT margin may contract

Live Mint  

Tata Consultancy Services, the largest software services exporter in India, will announce its earnings for the first quarter of FY24 on July 12. According to Emkay Global Financial Services, TCS may see 1.3% QoQ USD revenue growth factoring 30 bps cross-currency tailwinds. The brokerage house expects the company’s EBIT margin to decline by 100 bps QoQ due to wage hike, …

TCS to declare Q1 results, interim dividend on 12 July, fixes record date
1 year, 6 months ago

TCS to declare Q1 results, interim dividend on 12 July, fixes record date

Live Mint  

IT giant Tata Consultancy Services will be announcing its first quarter results for the financial year FY24 on July 12, 2023. In June 2023 quarter, wage hike is likely to impact TCS' EBIT margins, while TCV is likely to be flattish after deal with BSNL. In its regulatory filing, TCS said, "We hereby inform you that a meeting of the …

Krithivasan takes charge as TCS CEO
1 year, 7 months ago

Krithivasan takes charge as TCS CEO

Live Mint  

K. Krithivasan, who was unveiled as the chief executive officer-designate for Tata Consultancy Services on 16 March, will on Thursday assume full-time charge of India’s largest information technology services firm by market cap. Ruchi Mukhija, vice-president at financial services firm Elara Capital, said, “With Krithivasan being an internal person, combined with how we’ve seen TCS handle past leadership changes, we …

TCS to give 12-15% salary hikes to top performers
1 year, 8 months ago

TCS to give 12-15% salary hikes to top performers

Live Mint  

Mumbai: Tata Consultancy Services Ltd, India’s largest IT firm, is set to give its top-performing employees a 12-15% salary hike to keep them on board. Despite a shrinking job market in the IT sector, TCS hired 44,000 from campuses last fiscal year and plans to hire another 40,000 in the current fiscal. TCS saw attrition of 21.3% in the December …

TCS Q4: IT investors would do well to temper their expectations
1 year, 9 months ago

TCS Q4: IT investors would do well to temper their expectations

Live Mint  

Investors in the IT sector were nervous as they headed into the Q4FY23 earnings season, and to add to their worries, Tata Consultancy Services Ltd, the sector bellwether, failed to meet consensus estimates. Analysts at Jefferies India Pvt Ltd note that the company’s revenue growth was the slowest since Q1FY21. A slowdown in the key banking financial services and insurance …

TCS onboards 44,000 freshers in FY23, honors all job offers
1 year, 9 months ago

TCS onboards 44,000 freshers in FY23, honors all job offers

Live Mint  

IT major Tata Consultancy Services says it onboarded over 44,000 freshers and its highest-ever number of experienced professionals. Tata Consultancy Services maintained that it looks to make 40,000 campus offers to freshers in the FY2023-2024 amid worries of a slowdown in hiring in the tech sector. TCS has made a net addition of 821 in its employees' headcount for the …

TCS smashes Q4 profit view on strong deal momentum: Report
1 year, 9 months ago

TCS smashes Q4 profit view on strong deal momentum: Report

Hindustan Times  

Tata Consultancy Services Ltd reported a bigger-than-expected rise in fourth-quarter profit on Wednesday as India's top IT exporter saw firm demand for digital services despite a challenging macroeconomic backdrop. The company's net profit rose 14.8% to 113.92 billion rupees in the three months ended March 31, from 99.26 billion rupees a year earlier. Analysts on average had expected a profit …

TCS attrition continues to lower at 20.1%, net addition of 821 employees in Q4
1 year, 9 months ago

TCS attrition continues to lower at 20.1%, net addition of 821 employees in Q4

Live Mint  

IT bellwether Tata Consultancy Services has made a net addition of 821 in its employees' headcount for the quarter ended March 2023 period. This would be a net reduction of 2,197 employees compared to a headcount of 616,171 employees in the September 2022 quarter. During the September 2022 quarter, TCS made the second highest hiring among its peers after Infosys …

TCS Q4 Results: TCS shares plunge after weak Q4 results
1 year, 9 months ago

TCS Q4 Results: TCS shares plunge after weak Q4 results

Live Mint  

Tata Consultancy Services missed street's estimates for the fourth quarter of FY23. TCS blames US banking crises for weak Q4 Tata Consultancy Services said on Wednesday fourth-quarter results were weaker than it had expected as some of the IT company's clients in the North American banking space deferred project spending amid the U.S. financial crisis. Comparison of TCS final dividend …

TCS Q4 Results: TCS shares plunge after weak Q4 results
1 year, 9 months ago

TCS Q4 Results: TCS shares plunge after weak Q4 results

Live Mint  

Tata Consultancy Services missed street's estimates for the fourth quarter of FY23. TCS blames US banking crises for weak Q4 Tata Consultancy Services said on Wednesday fourth-quarter results were weaker than it had expected as some of the IT company's clients in the North American banking space deferred project spending amid the U.S. financial crisis. Comparison of TCS final dividend …

TCS Q4 results today: Key things to watch out for
1 year, 9 months ago

TCS Q4 results today: Key things to watch out for

Live Mint  

Tata Group-backed TCS will kick start the fourth quarterly earning season for India Inc today with its financial results. Here are key things to watch out for in TCS Q4 results in today 1) Revenue growth: Analysts' believe that overall growth for Q4 is expected to be less than Q3. Brokerage firm Axis Securities expects TCS to report revenue growth …

TCS shares: What CEO Rajesh Gopinathan’s surprise resignation means for IT stock
1 year, 9 months ago

TCS shares: What CEO Rajesh Gopinathan’s surprise resignation means for IT stock

Live Mint  

IT giant Tata Consultancy Services announced the resignation of Rajesh Gopinathan as CEO and the appointment of K Krithivasan as the new CEO designate for TCS. K Krithivasan will go through a transition period with Rajesh Gopinathan and will be appointed as MD & CEO in the next Financial Year. “Rajesh Gopinathan was re-appointed as CEO last year and therefore …

IT giant TCS not looking at layoffs, likely to announce hikes for employees soon
1 year, 10 months ago

IT giant TCS not looking at layoffs, likely to announce hikes for employees soon

Live Mint  

Amidst layoffs over the world especially from tech biggies, Indian IT giant, Tata Consultancy Services is not considering the same. While shunning the layoff plan, TCS chief Human Resources officer Milind Lakkad on Sunday hinted that the company will be announcing hikes that will be similar to earlier years. Whereas TCS, he cited as "cautious", believes that once staff member …

TCS Q3 earnings: Here is what to what to expect from the stock today
2 years ago

TCS Q3 earnings: Here is what to what to expect from the stock today

Live Mint  

IT giant Tata Consultancy Services missed estimates in terms of profitability and margins for the quarter ending December 31, 2022. In December 2022 quarter, TCS garnered a net profit of ₹10,846 crore attributable to shareholders on a consolidated basis up by 11.02% YoY and 3.98% QoQ. This gives us greater confidence in our ability to steer our profitability towards our …

TCS’ employees count goes down. What the management says
2 years ago

TCS’ employees count goes down. What the management says

Live Mint  

Apart from missing estimates in terms of profitability, IT giant Tata Consultancy Services surprisingly also reduced its employees' headcount for the third quarter ending December 31, 2022 period. During the September 2022 quarter, TCS made the second highest hiring among its peers after Infosys with a net addition of 9,840 employees compared to the June 2022 quarter where headcount stood …

TCS’ attrition rate inches lower to 21.3% in Q3, employees headcount dips
2 years ago

TCS’ attrition rate inches lower to 21.3% in Q3, employees headcount dips

Live Mint  

IT giant Tata Consultancy Services' attrition rate for the quarter ending December 31, 2022, inched lower to 21.3%. TCS had made the second highest hiring among its peers after Infosys in Q2FY23 with a net addition of 9,840 employees compared to the June 2022 quarter where headcount stood at 606,331 employees. Coming to IT services attrition, the Tata Group-backed company …

TCS to kick start Q3 earnings season on 9 Jan, fixes record date for dividend
2 years ago

TCS to kick start Q3 earnings season on 9 Jan, fixes record date for dividend

Live Mint  

IT giant, Tata Consultancy Services will kick start the third quarter earnings season for FY23 in the IT sector on January 9th. The Tata Group's flagship company will also announce the third interim dividend for the fiscal on this day. In its regulatory filing on December 30th, TCS said, "the third interim dividend, if declared, shall be paid to the …

TCS announces massive salary hike after increasing 8% net profit in previous quarter, details here
2 years ago

TCS announces massive salary hike after increasing 8% net profit in previous quarter, details here

Firstpost  

TCS’ average attrition rate is currently 19.7 percent, down from 21.5 percent recorded in the previous year. TCS recruited 20,000 new employees in the July-September quarter Tata Consultancy Service has come up with an exciting announcement for its employees amid the winter holiday celebrations. Among them, almost 4 lakh employees will be awarded incentives in the form of 100 percent …

How TCS shares are likely to perform today after Q2 results
2 years, 3 months ago

How TCS shares are likely to perform today after Q2 results

Live Mint  

Tech giant, Tata Consultancy Services crossed the ₹10,000 crore mark in terms of profitability during the second quarter of FY23. On the overall financial performance, Emkay's note said, " TCS reported revenues of $6.88 billion, up 1.4%/8.6% QoQ/YoY, a tad below our expectations of $6.91 billion. Meanwhile, Mitul Shah, Head of research at Reliance Securities said, "TCS reported marginally better …

TCS Adds Net 9,840 Employees in Q2FY23, Lower Than Q1; Attrition Rate Continues To Rise
2 years, 3 months ago

TCS Adds Net 9,840 Employees in Q2FY23, Lower Than Q1; Attrition Rate Continues To Rise

News 18  

India’s largest IT services company Tata Consultancy Services on Monday reported a net addition of 9,840 employees during July-September 2022. TCS has been meeting demand for services around new technologies by continually investing in organic talent development,” TCS said in a BSE filing on Monday. Its attrition rate in IT services stood at 21.5 per cent during the September 2022 …

TCS Q2 Result: Net Profit Rises 8.4% YoY To Rs 10,431 crore, Revenue Up 18%; Dividend Declared
2 years, 3 months ago

TCS Q2 Result: Net Profit Rises 8.4% YoY To Rs 10,431 crore, Revenue Up 18%; Dividend Declared

News 18  

TCS Q2FY23 Results: India’s largest IT services company Tata Consultancy Services on Monday reported a consolidated net profit of Rs 10,431 crore for the September 2022 quarter, a jump of 8.4 per cent on a year-on-year basis. On a sequential basis, TCS‘ net profit witnessed a 10.05 per cent jump from Rs 9,478 crore in the previous quarter. TCS’ total …

TCS Q2: Net profit rises by 8.3% to ₹10,431 cr
2 years, 3 months ago

TCS Q2: Net profit rises by 8.3% to ₹10,431 cr

Live Mint  

The country's largest software services firm, Tata Consultancy Services, on Monday reported a 8.3 per cent rise in consolidated net profit to ₹10,431 crore for the September 2022 quarter. This is against a net profit of ₹9,624 crore in the year-ago period, TCS said in a regulatory filing. The consolidated revenue of the IT major grew by 18 per cent …

TCS attrition rate spikes to 21.5%, adds 9,840 new employees in Q2FY23
2 years, 3 months ago

TCS attrition rate spikes to 21.5%, adds 9,840 new employees in Q2FY23

Live Mint  

IT services firm Tata Consultancy Services saw attrition for the September quarter come in at 21.5%. While announcing its results for the second quarter of FY23, TCS' workforce stood at 616,171, a net addition of 9,840 employees during the quarter. In the June quarter, TCS had said that the rate of attrition was at 19.7% while in the March quarter, …

TCS Says All Experienced Staff Will Be Given Hike During Annual Salary Appraisal
2 years, 4 months ago

TCS Says All Experienced Staff Will Be Given Hike During Annual Salary Appraisal

News 18  

Tata Consultancy Services on Friday rubbished reports that emails have been sent to staff about not rolling out the hikes to employees who have completed one year with the tech firm. All experienced hires will be given an increase as part of the annual salary appraisal that follows their one-year anniversary.” As per reports, a letter was sent to the …

TCS share price hits three-week low | Here's why
2 years, 6 months ago

TCS share price hits three-week low | Here's why

India Today  

Tata Consultancy Services Ltd share price on Monday dropped more than four per cent to hit a three-week low. On the BSE, TCS share price was down by 4.44 per cent or 144.90 points to Rs 3119.95. On the NSE, TCS share price fell 4.40 per cent or 143.65 points to Rs 3,121.80. TCS shares, which are down 12.7 per …

TCS Q1 Results: Net Profit Up 5.2% To Rs 9,478 Crore; Revenue Jumps 16.2%; Dividend Declared
2 years, 6 months ago

TCS Q1 Results: Net Profit Up 5.2% To Rs 9,478 Crore; Revenue Jumps 16.2%; Dividend Declared

News 18  

TCS Q1 Results: India’s largest IT services company Tata Consultancy Services on Friday reported a consolidated net profit of Rs 9,478 crore for the June 2022 quarter, a jump of 5.2 per cent on a year-on-year basis. TCS’ total expenditure during the June 2022 quarter jumped 19.95 per cent to Rs 40,572 crore, compared with Rs 33,823 crore in the …

TCS Q1 results to set stage for IT earnings
2 years, 6 months ago

TCS Q1 results to set stage for IT earnings

Business Standard  

Fears of a global recession, especially in the US and Europe, are mounting by the day. IT major TCS, for instance, may report modest revenue growth later today, led by seasonal strength and robust digital transformation projects. Omkar Tanksale, Senior Research Analyst, Axis Securities says TCS to report 3.4% sequential revenue growth in rupee terms. Besides, they believe quarterly revenue …

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