Page 28 - Tcs

TCS trades firm ahead of Q2 results

The stock was up 2% at Rs 2,510 on the BSE in otherwise subdued market ahead of July-September quarter results on Thursday, October 12, 2017.

US court trims penalty on TCS to $420 mn in IP theft case

TCS said the order will not have any impact on second quarter financial results expected on October 12

TCS' iON takes digital learning marketplace abroad

TCS expects the iON business to generate $1 billion in revenue

TCS to add capacity for 3,000 employees in Bhubaneswar unit

IT behemoth Tata Consultancy Services (TCS) plans to add capacity for an additional 3000 employees at its TCS Kalinga Park SEZ in Bhubaneswar."The civil structure for third phase is ready. It will add a capacity of 3000 employees. There is only need to develop the internal infrastructure", said Manoj Kumar Panda, Centre Head, TCS Kalinga Park IT/ITes SEZ.The Kalinga Park campus developed over 45 acres of land is an addition to the company's unique Global Network Delivery Model (GNDM). Now, it has an operational capacity with 4500 seats. In 2015, chief minister Naveen Patnaik had inaugurated the Phase II of the TCS Kalinga Park.The SEZ campus of the IT behemoth now employs 3200 people and has positioned itself as a major exporter in the IT sector of Odisha. The IT major had exported about Rs 550 crore in the last financial year.TCS, which has been operating in Odisha since 1999, has also taken up the activities of the product developments and testing here. It is serving about 150 ...

No pricing pressure seen in tradition, new technologies: TCS CFO

While Tata Consultancy Services showed muted growth in the first quarter, the company says it has enough leverage grow business from clients, even as it improves efficiencies. The disruption in the retail and banking business, due to online commerce and emergence of fin tech firms is an opportunity, says V Ramakrishnan, chief financial officer at TCS in an interview with Business StandardEdited Excerpts:Can you maintain the guided margins (26-28%) in the coming quarters?During the quarter salary hikes and currency appreciation had an impact on margins. Salary hikes are always introduced in April, however this year it was 1.5 per cent of revenue compared to 2 per cent last year. As far as exchange is concerned, we cannot have much indication on that and it is quite dynamic. Last quarter margin was 25.7 per cent and without the salary hike it is 24.2 per cent. In the subsequent quarters we will recover from the salary hike. So in reality the margins are very much on track. How we ...

TCS trades weak on disappointing Q1 EBIT margins

The stock dipped nearly 3% to Rs 2,376 on BSE in intra-day trade

Margin pressures dent TCS June quarter show

Tata Consultancy Services' June quarter results were less-than-expected with operating profit (EBIT) margin and net profit hitting their eight-quarter lows at 23.4 per cent and ~5,950 crore, respectively. Revenue was down 0.2 per cent sequentially at ~29,584 crore. In constant currency terms, it grew 2 per cent, led by a healthy 3.5 per cent growth in volume, but impacted by a 1.5 per cent decline in realisations. Net profit was down 10 per cent sequentially and was lower than the Bloomberg consensus estimate of ~6,201 crore.TCS indicated that while realisations will be flat annually, there will be volatility in quarterly basis. Also, it does not indicate any pricing pressure. While some pressure on margins on account of higher wage costs was factored in, the fall was more than anticipated. The margins at 23.4 per cent (expectations of 24.1 per cent) were 170 basis points (bps) lower than the year-ago period and 233 bps sequentially. TCS highlighted a 150-bps hit on account of wage ...

TCS, Intel join hands to tap businesses in IoT, Cloud, AI

> India's largest IT services company Tata Consultancy Services (TCS) will collaborate with chipmaker Intel to design a reference architecture that could be used for rolling out Internet of things (IoT), cloud, 5G and AI by its customers. The partnership will also see both companies jointly investing in Centres of Excellences (CoEs) across India and the US to provide industry specific solutions for optimising cost and improving productivity. "The collaboration allows us to offer advanced ready-to-use solutions and reference architectures across the network, cloud and client. The CoEs will also provide on-the-ground solution testing, verification and development support for customers in the US and India," said Intel Sales and Marketing VP Shannon Poulin. While TCS will gain from Intel's hardware know-how, the partnership will ensure that the latter company's chips sell better in systems that are used by large enterprises. They will also design cloud-ready network design to help ...

TCS, Intel join hands to provide solutions for firms to go digital

Collaboration will help firms adopt new-age technologies like IoT, cloud, network, 5G, AI

TCS launches app development kit for banks

BaNCS ADK will help banks to design and deploy enterprise, consumer apps in a hybrid architecture

TCS plans to earn $1 bn in 3-7 years from each of the three new horizontals

16 new segments and sub-segments to be key drivers of future growth

TCS hits 9-month high; stock up 15% in May

The stock was up 2% to Rs 2,612 in intra-day trade, extending its Wednesday's 1.5% gain on BSE.

TCS creates solution to cut payback on expensive LED lights by half

It can deliver additional 15-25% savings using machine learning and predictive analytics

TCS sets foot in Bihar, starts BPO centre in Patna

Expanding its feet across the country, IT major Tata Consultancy Services (TCS) has set up its maidan Business Process Outsourcing (BPO) centre in Patna. The centre was inaugurated on Thursday by Union Minister Ravi Shankar Prasad.According to the officials present at the ceremony, the 1,000 seater state-of-the-art centre would create employment opportunities for more than 3,000 people in the state capital . The TCS CEO-cum-MD Rajesh Gopinathan, in his inaugural speech, said that the BPS centre at Patna was a small beginning in the direction of providing IT infrastructure and jobs to the youths of this region. "It would be a robust centre with an aim to create to an enabling ecosystem in the region. It would play a critical role in energising the whole region.This project will build talent base to play seed capital to boost digital economic in the region," he said."The centre would help create a talent pool for India tomorrow. It would also help attract ancillary units and supporting .

TCS sets up research lab for drones in US

Seven Hills Park facility was established in 2008 as TCS' largest North American digital centre

A day after edging past RIL, TCS retains lead as most valued company

Shares of TCS rose by 1.98% to end at Rs 2,337.40 on BSE

TCS reclaims RIL crown; see-saw ahead

TCS had a market cap of Rs 4.52 lakh cr, while RIL's was Rs 4.46 lakh cr on April 24

TCS hired 11,500 people in offshore markets in 2016-17

Hiring locals in overseas markets often pushes up operational costs for IT outsourcing companies

Slowdown in TCS to weigh on Tatas' growth ambitions

Tata Consultancy Services (TCS) revenue growth in FY17 was slowest since FY09 and first time since its listing in 2005, both topline and bottom line growth was in single digits for the software major. This the analysts say could have a big impact on the Tata group growth plans given surplus cash has been helped Tatas' to maintain their growth streak despite poor profitability of the rest of the group since the 2009 Lehman crisis. (See the adjoining chart)While on the previous occasion, the company experienced a V-shaped recovery, this time around analysts see a structural slowdown in global IT leading to sub-par growth for company. "I don't foresee any immediate pick-up in the IT sector growth for at least two years. This would translate into single digit growth for most Indian IT companies during the period," says G Chokkalingam, founder & CEO Equinomics Research & Advisory. Earlier this month, Garner cut worldwide IT spending growth in 2017 to 1.4 per cent from its earlier ..

TCS turns volatile post Q4 results

The stock was up 1.7% to Rs 2,348 bouncing back 4% from its intra-day low of Rs 2,255 on BSE.