Page 34 - Tata Consultancy Services

TCS hands out 24,000 job offers amid hiring blues in IT sector

In 2015, offer letters were issued to over 40,000 freshers, which declined to 35,000 in 2016

TCS spent Rs 15 bn on R&D & innovation in FY18, up 17% over last year

India's largest IT services firm TCS increased its spending on research and development and innovation initiatives by over 17 per cent to Rs 1,500 crore in 2017-18, compared to the previous year. Its total R&D and innovation expenditures stood at Rs 1,278 crore in 2016-17, as per the company's annual report. Of its expenditure in FY18, Rs 298 crore was spent on R&D, while Rs 1,202 crore was directed towards innovation centres, it added. This is about 1.2 per cent of TCS' total turnover for the fiscal. A crown jewel of the salt-to-software services conglomerate Tata Group, TCS had a consolidated total income of Rs 1,26,746 crore in FY2017-18, while its profit for the fiscal was at Rs 25,880 crore. The company has a workforce of about 3.94 lakh people. TCS has Innovation Labs located in India and other parts of the world. The R&D centres, certified by Department of Scientific & Industrial Research (Government of India), function from Pune, Chennai, Bengaluru, Delhi-NCR, .

TCS adds 400-plus Transamerica employees in Florida as part of $2bn deal

Will invest in 2,200 jobs across multiple locations in US

Why most-valued TCS is number eight in free float market capitalisation

Infosys, with a market cap of just 40% of that of TCS, has greater standing in the benchmark indices because of low promoter shareholding

Journey to $100 bn: TCS is world's 15th largest tech firm by market value

It is the eighth most expensive among top tech companies

Shares of TCS end flat at Rs 3,159.50 ahead of quarterly earnings

The stock ended at Rs 3,159.50, down 0.20 per cent on BSE

Unlike Accenture & Cognizant, 'build internal scale' approach drives TCS

The JP Morgan report said the investment community had now accepted this conservativeness and culture consciousness practised by TCS

Tata Consultancy Services' m-cap crosses Rs 6 trillion; shares gain 2.3%

TCS, Reliance Industries only 5% shy of becoming first to reach coveted milestone of $100 billion m-cap

TCS expands five-year deal with Marks and Spencer to boost digital business

India's largest IT services firm Tata Consultancy Services (TCS) today said it has expanded its partnership with Marks and Spencer (M&S) to enable the British retail giant become a digital-first business. As part of M&S' five-year plan, TCS will be the principal technology partner for the retailer and help drive agility, intelligence, innovation and efficiency, TCS said in a statement. Through the partnership, M&S will transition to a new Technology Operating Model that will help it align itself with rapid technology innovation to meet fast changing business priorities. TCS did not disclose any financial details of the deal. "Our long standing partnership with M&S has helped to build a strong contextual knowledge of their business... TCS will help the customer adopt a digital-first mind-set to win new customers and create growth at accelerated pace," TCS CEO and Managing Director Rajesh Gopinathan said. The retailer's chief executive Steve Row said M&S

TCS claims partial victory in the US lawsuit

TCS has almost 30,000 employees in the US, which makes it the largest employer of locals among Indian IT firms

TCS faces US trial for 'anti-American bias'

A federal judge in California, on Wednesday rejected a request from the information technology (IT) outsourcing giant to dismiss a 2015 lawsuit

TCS faces class-action suit in US over alleged anti-American bias

TCS' request to dismiss a 2015 lawsuit that accused it of violating anti-discrimination laws by favoring South Asians was rejected by a federal judge in California

Investments in digital training paying off: TCS

The organisation added around 16,000 employees this quarter, with one of every four recruited abroad

TCS seeing digital deals of 'significant size' coming in: CEO Gopinathan

Revenue from digital engagements made up 19.7 per cent of TCS' revenue of Rs 30,541 crore in July-September 2017 quarter, growing 31 per cent year-on-year

TCS hired over 12,500 US employees from 2012-2016: Study

The Indian IT major has invested nearly $3 bn in the US in past 3 years

TCS joins hands with Carnegie Mellon University to set up research facility

The software major also provided the University with a grant of $35 mn

Tata Consultancy Services: A permanent solution needed to address rising cash pile

Unlike peers Wipro and Infosys, TCS has been more cautious about mergers and acquisitions

Well-positioned to continue leading India market: TCS

TCS is quite enthused by commentary and discussions on expanding digital infrastructure in country

TCS chief confident of overcoming challenges

Rajesh Gopinathan admitted that while the day was big for him, for TCS, it's just another day