Page 31 - Tcs

Q4 results: India's IT services biggies fail to meet expectations

Wipro net dips 0.4% in Q4, guides for revenue contraction in current quarter

HCL bucks the trend; says it intends to hire as others continue to fire

The firing spree was not limited to back-office jobs and affected big tech companies, including Amazon, Meta, Microsoft, and Google parent Alphabet, among others

Attrition in IT firms to go back to pre-pandemic levels by October: Experts

In their Q4 results, two of the three IT majors in India, TCS, and Infosys, showed that high attrition was still a problem

Here's how K Krithivasan will spend his first six months as TCS CEO

Krithivasan will take over as the chief executive officer of Tata Consultancy Services on June 1. Here's how he intends to spend the first six months

TCS tops as best place to work in LinkedIn's 2023 Top Companies India list

Tata Consultancy Services has emerged as the top company in a list, which showcases the best places to work and grow careers, for 2023. TCS is followed by Amazon (2) and Morgan Stanley (3) in the '2023 Top Companies India' list prepared by LinkedIn. There has been a shift from tech companies, which dominated the list last year, with companies across financial services, oil and gas, professional services, manufacturing and gaming featuring in this year's list. A vast majority of the companies, that is 10 out of 25 companies are from the financial services/ banking/ fintech space, including companies such as Macquarie Group (5), HDFC Bank (11), Mastercard (12), and Yubi (14). "In this uncertain environment, professionals are looking for guidance on the companies to work that offer career growth and will set them up for long-term success. The 2023 Top Companies list is filled with actionable insights and resources to help professionals at all levels discover job opportunities," Linked

TCS best place to work in India, esports platforms make it to top list

There has been an emergence of new players, with 17 out of 25 companies debuting in the list

Big 4 push the tech button, look to expand IT service presence in India

The big four are best known for their accounting and audit services globally. However, with time, they have added several more services to their work

Weak guidance, muted sentiment to weigh on near term IT outlook

There could be more downsides if the rest of IT pack disappoints

TCS may consider giving 12-15% hikes to top employees to curb attrition

TCS is also planning to raise base salaries in its campus recruitment drives. If implemented, this is likely to make Infosys, HCL Technologies, and Wipro follow suit

Infosys can slip below Rs 1,000 levels; TCS can hit Rs 2,900, charts show

Nifty IT index may fall up to 3 per cent post hitting a new 52-week low, trend turns bearish.

Nifty IT index plunges 8% after TCS, Infosys post subdued Q4FY23 results

At 09:47 am; Nifty IT index, the worst performer, down 6 per cent, as compared to 1 per cent decline in the Nifty50 index

At TCS, CEO is the first among equals, says Krithi Krithivasan

Presence is across geographies, any downside hits us, says Krithi Krithivasan CEO-designate, TCS

TCS to continue investments in R&D and technology: CFO Samir Seksaria

Country's largest IT services company TCS will continue investing in research and innovation, office spaces and technology infrastructure at the same pace even as it wades through near-term volatilities, a senior official has said. The company's promise to continue with the normal wage hikes will hit the operating profit margins by a further 1.70-1.75 per cent in the June quarter, its chief financial officer Samir Seksaria said, adding that the key number will stabilise going ahead into the new fiscal. He said the company typically spends Rs 1,200-1,500 crore in research and innovation and Rs 3,000-4,000 crore as capital expenditure on back-end technology needed to deliver work and office spaces, and the same should continue going ahead. "...we continue to invest, we continue to invest in talent, we continue to invest in research, into innovation, into branding and into IT. And we don't believe there should be any reason for that to be any different from what we have always done," .

Once we make a job offer, we honour it: TCS outgoing CEO & MD Gopinathan

The US has turned out to be surprising and hence difficult to call out for the short term, says Rajesh Gopinathan

TCS, Infosys results signal subdued Q4 for IT pack, say experts

The results of top-tier companies TCS and Infosys have tripped on global uncertainties and missed street estimates, setting a subdued tone for Q4 show by the IT pack, and experts see choppy 1-2 quarters for the industry but are hopeful of subsequent recovery. The earnings' season started on a sombre note with the Q4 scorecards that fell short of expectations, but more importantly the management commentary of India's top two IT services companies was punctuated with words of caution about prevailing customer sentiments across BFSI, technology services and certain other verticals, particularly in the US. While Infosys top brass spoke of "unplanned project ramp downs and decision making delays by some customers", Tata Consultancy Services (TCS) talked of some clients deferring newer, non-critical initiatives. Industry veteran and former Infosys director T V Mohandas Pai says Q4FY23 will be subdued for IT players but that extent and impact will depend on profile and strategy of individu

See very good opportunities in merger and acquisitions: Infosys CEO

The current environment is throwing up "good opportunities in the merger and acquisition space", Infosys CEO Salil Parekh has said, adding the Bengaluru-headquartered IT firm will look at companies that offer strong strategic and cultural fit. While Infosys is on "look out at all times" for good acquisitions, "this is a good environment for finding it", Parekh said. Infosys is seeing "very good opportunities" in the M&A environment, he observed. "...and this is a good environment. We have a very strong balance sheet, a very good way to deploy it. If we find a company or an entity which fits in strategically but also culturally, and we have a way of integrating it, we will look at that," Infosys top honcho said during the Q4 earnings conference recently. He was responding to a question on whether the weak US macro environment and the global uncertainities are offering lucrative opportunities in the merger and acquisition space. Infosys this week reported lower-than-expected growth

TCS Q4 review: Near-term growth to moderate, demand levers intact: Analysts

TCS Q4 results review: Going ahead, most brokerages expect an inevitable slowdown for the company in the near-to-medium term

Bull run enters 9th day for benchmarks; IT shares crack; AU SFB soars 17%

CLOSING BELL: IDBI Bank shares, too, surged 10 per cent after a Reuters report said the RBI has begun evaluating at least five potential bidders interested in picking up a majority stake in the lender

Client conversations dominated by ChatGPT, says TCS COO Subramaniam

He also said that clients are interested in knowing how ChatGPT and generative AI can be integrated into their offerings

TCS Q4 net up 15% to Rs 11,392 cr; meets estimates but revenue disappoints

Revenue for Q4FY23 grew 16.9% YoY to Rs 59,162 cr, but missed Bloomberg estimate