Tata Consultancy Services

TCS Establishes New Delivery Centre In Paris

20Jun By Gauri SinghNo Comments

BUSINESS

TCS Establishes New Delivery Centre In Paris

The Indian multinational IT company Tata Consultancy Services (TCS) announced on Monday that it has set up a new delivery centre in Suresnes, France that can accommodate up to 230 employees. Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to the global business. It is a subsidiary of the Tata Group and has its headquarter in Mumbai. TCS is among the most valuable IT services brands globally. This centre is the third such unit of TCS in France which is situated in the Parisian region. The first two are in Lille which was opened in 2012 and Poitiers opened in 2014. The new centre consists of a highly secure connectivity, a robust infrastructure and secure spaces. However, the company did not disclose the investment ...

TCS Records Highest Q4 Performance, Rewarded 1:1 Bonus Share

20Apr By Lavina TolaniNo Comments

Market

TCS Records Highest Q4 Performance, Rewarded 1:1 Bonus Share

Country's largest IT firm, Tata Consultancy Services March Quarter(Q4) earnings reported a stellar performance on Thursday beating all expectations that analysts had estimated both on revenue and profitability. This double-digit growth quarter has come after the backdrop of 13 straight quarters of underperformance and the board members of Mumbai based company immediately rewarded shareholders with one on one bonus issue establishing the final dividend of Rs. 29 per share. The Mumbai based IT giant has posted a consolidated profit at Rs. 6,904 crores for Q4 quarter registering a 5.7 percent growth as compared to 4.5 percent (Rs. 6531 crores for the previous quarter) in the previous year. The Tata Group firm has reported a consolidated profit at Rs 6,904 cr...

TCS Hired 11,500 People in Offshore Markets in FY17

23Apr By Press Trust of IndiaNo Comments

News

TCS Hired 11,500 People in Offshore Markets in FY17

Tata Consultancy Services (TCS) recruited over 11,500 people outside India during 2016-17, including graduates from engineering and B-schools in the US, as it ramps up local hiring in offshore markets to tackle visa-related challenges. The country's largest software services firm added 79,000 employees (gross) and 33,380 employees (net), taking its employee base to 3.87 lakh at the end of March. Hiring locals in overseas markets often pushes up operational costs for IT outsourcing companies. However, with the governments in markets like the US, Australia and New Zealand tightening their work visa norms, Indian IT companies are hiring more local talents in offshore markets to ensure compliance with rules. "Our local hiring programmes in various geographies are progressing well. ...

As its Boss Moves to Tata HQ, Investors Fret Over TCS Future

16Jan By reutersNo Comments

News

As its Boss Moves to Tata HQ, Investors Fret Over TCS Future

Moving the head of Tata Consultancy Services to the top job at Tata Sons' holding company fills a critical hole for the salt-to-software conglomerate, but it leaves another at its most valuable company ahead of a complex and unpredictable 2017. The promotion of Tata veteran Natarajan Chandrasekaran - the well-regarded, high-performing boss of TCS under whom shares have quadrupled - should be no surprise. But the departure of Chandrasekaran, known as Chandra, from the Tata group's most profitable arm still rattled investors. They sent TCS shares down more than 4 percent on Friday, a day after it also posted better-than-expected quarterly results. "The IT industry is facing headwinds, and shareholders would have preferred Chandra to stay as CEO for some more time," said Souvik Guha, an...