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TCS hits six-month high; regains Rs 8 trillion market-cap mark
Posted on 16th April 2019
Tata Consultancy Services (TCS) hit a six-month high of Rs 2,149, up 2 per cent on Tuesday, extending its Monday’s 5 per cent rally on the BSE, after the company reported better than expected 2.4 per cent growth in constant currency (CC) revenue in the March 2018 quarter of financial year 2018 - 19 (Q4FY19).

The stock of IT major hit its highest level since October 4, 2018 on the BSE. Boosted by 7 per cent rally in stock post March quarter results, the market valuation of TCS regained the Rs 8 trillion-mark today to reach Rs 8.04 trillion at 12:50 pm, BSE data shows.


TCS net profit up 17.7% to Rs 8,126 crore in Q4, crosses $20-bn revenue
Posted on 13th April 2019
Tata Consultancy Services (TCS) on Friday reported robust numbers both for the fourth quarter of 2018-19 and the full financial year, with the country’s largest IT services company crossing the $20-billion revenue mark for the first time. Growth in net profit as well as revenue exceeded Street expectations, though margin contracted a bit in the fourth quarter.

For the quarter ended March 31, TCS reported Rs 8,126 crore in net profit, a jump of 17.7 per cent over the corresponding quarter last year. Revenue, at Rs 38,010 crore, saw an increase of 18.5 per cent on a year-on-year (y-o-y) basis. When compared with the trailing quarter, net profit was almost flat, while revenue grew 1.8 per cent.


Flipkart India's most preferred workplace; Amazon, Oyo come next: LinkedIn
Posted on 3rd April 2019
Walmart-owned Flipkart is the most preferred workplace in India, followed by Amazon and Oyo in the second and third places, respectively, according to a list compiled by professional social media network LinkedIn.

Internet companies dominate the top 10 spots in LinkedIn's fourth edition of the '2019 Top Companies' list for India.


Barclays, TCS team up to help children with locomotor disabilities
Posted on 25th March 2019
New Delhi: India's largest IT services company Tata Consultancy Services has teamed up with Barclays to launch a virtual platform to help children with neuro-muscular disabilities become more self-dependent.

The virtual habilitation platform, TCS VHAB, will be launched at ZEP Rehabilitation Centre, Pune. This centre, established in 2008, carries out programmes to help improve the mobility of children with locomotor disabilities. These programmes are aimed at enabling development of daily skills, self-help skills, functional skills and academics.


The Tata way: Cyrus Mistry or N Chandrasekaran, it’s all about crown jewel TCS
Posted on 18th February 2019
Two years after a change of leadership at the Tata Group, it is abundantly clear that whether it’s Cyrus Mistry or Natarajan Chandrasekaran, cleaning up after Ratan Tata is not easy. Today, the sprawling conglomerate is even more about TCS than when Mistry left it.

The software major accounts for 73% or nearly three-fourths of the combined market capitalisation of ten top 10 companies; this share was just 59% in February 2017, when Chandra took over the reins at the group as chairman, Tata Sons.


TCS signs pact with JDA to develop cognitive solutions
Posted on 12th February 2019
Tata Consultancy Services (TCS) has signed a global partnership with JDA Software, provider of end-to-end supply chain and retail solutions, to build next-generation cognitive solutions.

Under the agreement, it will also offer consulting and system integration services around digital technologies to optimise supply chains for customers worldwide.


TCS 3rd most-valued IT services brand globally, four Indian companies in top 4
Posted on 24th January 2019
India's Tata Consultancy Services (TCS) has been ranked third most-valued IT services brand globally in 2018-19, after Accenture and IBM, according to a report by Brand Finance.Four Indian IT services companies -- TCS, Infosys, HCL and Wipro -- clinched spots in the top-10 global tally.

TCS net profit crosses Rs 8,000-crore milestone in Q3, jumps 24% y-o-y
Posted on 11th January 2019
The country’s largest information technology (IT) services company, Tata Consultancy Services, earned its highest-ever net profit of Rs 8,105 crore in the seasonally weak third quarter (Q3) of 2018-19 (FY19). This was in line with market expectations, though revenue and operating margins missed consensus estimates narrowly.

Slowdown in US economy threatens TCS, Infosys, Wipro
Posted on 4th January 2019
New Delhi: Concerns about a slowdown in US economy poses the biggest risk to India’s $167 billion information technology (IT) outsourcing industry as experts fear Fortune 1000 companies may cut spending on technology, hurting Tata Consultancy Services Ltd (TCS), Infosys Ltd and Wipro Ltd. Demand for digital services, which includes data crunching and artificial intelligence (AI) powered platforms, is still linked to the overall health of an economy, they say.

Larger outsourcing contracts may boost IT revenues in FY19
Posted on 2nd January 2019
New Delhi: The twin trends of outsourcing larger technology contracts and Fortune 1000 companies awarding work that was earlier done internally to its vendors have led analysts and information technology executives to suggest that the sector could grow faster in the year starting 1 April.

These trends are the third positive development for India’s $167 billion information technology (IT) outsourcing sector, after the first six months of the current fiscal saw IT firms adding more employees and raising salaries of some of them by as much as 40%.


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