Tata Consultancy Services
TCS Q3 net profit up 8.2% at Rs11,735 cr; revenue at Rs60,583 cr
11 Jan 2024
Tata Consultancy Services (TCS) has reported a net profit of Rs11,735 crore for fiscal third quarter ended 31 December 2023, an 8.2 per cent increase year-on-year, on the back of rising demand for cloud-led services.
Indian IT giants employ non-compete clauses in junior staff contracts
09 Jan 2024
In a recent development, major Indian IT companies, including TCS, Infosys, Wipro, HCLTech, and Tech Mahindra, have incorporated non-compete clauses into the contracts of junior employees, spanning from 6 to 12 months.
Australian trading bourse and TCS to partner up to create trading software
20 Nov 2023
ASX Ltd., an Australian bourse operator, has partnered with Tata Consultancy Services (TCS) to create a product-based solution to replace its trading, clearing, and settlement systems.
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The Indian IT sector witnesses its first hiring slump in 25 years
30 Oct 2023
With the rise in geopolitical tensions and spending cuts by western countries, there has been a decline in hiring at most Indian IT companies.
TCS Q4 net rises 15% to Rs11,392 crore
13 Apr 2023
TCS also reported a change of guard with interim CEO K Krithivsan taking over charge three months ahead of the planned departure of the current CEO at end-September 2023
TCS Q2 net profit crosses the Rs10,000-cr mark
13 Oct 2022
TCS's order book stood at $8.1 billion at the end of September 2022 on the back of continued strong demand for its services while a high employee attrition rate of 21.5 per cent remained a sore point
TCS’ net profit rises 5% to Rs9,478 cr despite lower operating margin
11 Jul 2022
TCS continued hiring momentum during the quarter as well, taking employee strength above the 600,000 mark, even as attrition rate for a 12-month period rose to 19.7 per cent
TCS Q4 net profit zooms to Rs9,926 cr, revenue at Rs50,591 cr
12 Apr 2022
TCS closed fiscal 2022 with annual revenue of Rs1,91,754 crore (more than $25 billion) for the first time - a growth of 16.8 per cent
TCS announces Rs18,000-cr share buyback
07 Mar 2022
TCS beats the pandemic with Rs9,008-cr net profit for Q1FY22
08 Jul 2021
Profit for the April-June 2021 quarter was up, 28.5 per cent year-on-year, but lower by 2.6 per cent on a sequential basis as other income declined sharply by 22.6 per cent QoQ to Rs721 crore in Q1FY22
TCS Q4 net rises to Rs9,246 cr, revenue at Rs43,705 cr
13 Apr 2021
And, despite the raging pandemic, TCS added 40,185 employees to its workforce, on a net basis, during the year, including 19,388 in the fiscal fourth quarter, taking total headcount to 488,649
TCS fails to impress with a 1.8% rise in Q2 net to Rs8,042 cr
11 Oct 2019
TCS, which heavily relies on banking clients, was hurt by dampening of IT spending by financial clients, while the escalating trade war between the United States and China, as well as Britain’s planned exit from the European Union also dampened demand for its products and services
TCS Q1 FY’20 net profit rises 10.8% to Rs8,131 cr
10 Jul 2019
TCS also posted an 11.4 per cent rise in revenue to Rs38,172 crore during the April-June 2019-20 quarter and reported operating margin of 24.2 per cent for the quarter
TCS pips IBM with market cap of over $120 billion
11 Jun 2019
At close of trading on Monday, TCS had a market capitalisation of $120.5 billion (Rs8.37 lakh crore), while in early New York trade, IBM was at $119.6 billion (Rs8.32 lakh crore), stock market data showed
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