Tag "TCS"

TCS profit dips 10pc to Rs 5,945cr in Q1 on stronger rupee and wage hikes

MUMBAI, INDIA: IT bellwether, Tata Consultancy Services (TCS) started FY 2018 on a muted note with a lower-than-expected profit reported for Q1. Profit in the quarter dropped 10 percent sequentially to Rs 5,945 crore. Revenue also saw a sequential decline of 0.2 percent to

Andhra University goes digital on TCS iON platform

INDIA: Andhra University School of Distance Education (AUSDE) will leverage the TCS iON Platform to transform itself into a digital university. INDIA Tata Consultancy Services (TCS) today announced a definitive agreement with Andhra University to help transform the Andhra University

TCS net profit dips 2.5pc to Rs 6,608cr in Q4; growth muted in BFSI and retail

IT services major, Tata Consultancy Services’ (TCS) profit fell 2.5 percent sequentially to Rs 6,608 crore for the quarter ended March 31, 2017.  The revenue saw a decline of 0.3 percent QoQ to Rs 29,642 crore. The revenue growth was subdued in

TCS touches $1bn profit mark for the first time with 2.9pc rise in Q3 profit

MUMBAI, INDIA: Tata Consultancy Services(TCS) touched USD 1 billion-mark in profit for the first time as it reported an increased profit of 2.9 percent sequentially to Rs 6,778 crore($1bn approx.) for the quarter ended on December 31, 2016. Revenue in Q3 increased by 1.5

TCS top boss appointed Tata Sons chairman, CFO Rajesh Gopinathan will succeed him

Tata Sons has named 54-year old CEO and managing director of TCS, N Chandrasekaran as its new chairman. He will take charge from February 21, 2017. The decision to appoint Chandrasekaran was taken at a meeting of Tata Sons board today

India is key growth market for TCS

MUMBAI, INDIA: Tata Consultancy Services(TCS) has made a good start of the year by reporting a better than estimated Q1 earnings today. The IT services major has posted 3 per cent QoQ growth in revenue to Rs 29,305 crore, although

Microsoft Accelerator & TCS COIN join hands to connect startups with corporates

BANGALORE, INDIA: Today, at Think Next Summer 2016 in Bangalore, Microsoft Accelerator and TCS Co-Innovation Network (COIN) have announced a joint initiative to create a platform to boost the Indian startup ecosystem. Microsoft Accelerator’s #CoInnovate program and COIN by TCS

Wipro gives better pay raise than rivals, TCS & Infosys

Soma Tah The IT services major, Wipro today has announced 9.5% pay raise to employees in India this year, effective June 1, 2016. The average pay raise is 9.5% for offshore employees and 2% for onsite employees. “High performers will

TCS Q4 net profit beats expectation marginally with 3.8pc rise

MUMBAI, INDIA: Beating analyst expectations for the first time in seven quarters, India’s largest IT services company, TCS said its Q4 net profit rose to Rs 6,341 crore, up 3.8% QoQ, marginally higher compared to the estimates of Rs 6,273.4

TCS to appeal against US court’s $940mn penalty verdict

MUMBAI, INDIA: A Wisconsin federal jury has slapped a $940 million penalty, including $700 million in punitive damages, on the Indian IT major, Tata Consultancy Services (TCS) for allegedly stealing “trade secrets, confidential information, documents and data” from it from

Made in India- Self driving Car

By : CIOL Writers

Dr. Roshy John, a doctorate holder from National Institute of Technology has developed India’s first driverless car — Tata Nano Autonomous. For John, the idea of a self-driving car germinated when he escaped a near fatal accident five years back

TCS and Vanderbilt University partner for healthcare and life sciences

NEW DELHI, INDIA: Tata Consultancy Services has announced a new partnership with Vanderbilt University Medical Center (VUMC) to drive innovation in the healthcare and life sciences fields. TCS and VUMC will drive specific research in areas including; genomics, metagenomics, systems

Oman Housing Bank to enhance operational efficiency with TCS BaNCS

NEW DELHI, INDIA: Tata Consultancy Services (TCS) has announced that Oman Housing Bank (OHB) has selected TCS BaNCS Universal Banking to help deliver an enhanced end-customer experience in its endeavor to become a leading housing finance bank in the region.

TCS and Gfi partner to tap smart city prospects in France

BANGALORE, INDIA: Tata Consultancy Services(TCS) and Gfi Informatique entered a strategic partnership to meet the digital technology requirements of different smart city initiatives such as public transportation, water, and energy in France. TCS Digital Software & Solutions (DS&S) Group’s knowledge of

TCS Hyderabad sets up IoT Solutions CoE with Intel

HYDERABAD: Tata Consultancy Services (TCS) announced the launch of a new Center of Excellence (CoE) for Internet of Things (IoT) solutions in collaboration with Intel. The state-of-the-art Center will be located at the TCS Hyderabad Campus. The Center will focus

IT majors to Parisian employees: `We are with you’

NEW DELHI, INDIA: IT majors including TCS, Infosys and HCL have issued advisories for their employees following the deadly terrorist attack on the French capital last weekend. However, one sentiment echoed loud and clear: Don’t worry, we are with you!

Benches back in vogue; courtesy, Digital

MUMBAI, INDIA: Digital is big and the top five have pledged millions of dollars in investments to tap the massive opportunities in this space. Courtesy Digital, benches which had silently been shown the door by the ITeS major in India,

Customer trends that defined TCS’s strong Q2 growth

MUMBAI, INDIA: The TCS result yesterday highlighted some interesting customer trends across verticals, across geographies. We list some key trends in the services, digital and platforms. Services: BFSI: Selected as strategic partner by a large mutual life-insurance company and a

Digital, platforms drive growth at TCS in Q2

MUMBAI, INDIA: Tata Consultancy Services (TCS) which grew reported revenue of Rs 27,165 crore; up 5.8 percent Q-o-Q and 14.1 percent Y-o-Y, attributed its growth to increased volumes, digital and platforms. The company added three new customers to its $100

Infosys, TCS did not abuse visa norms: US

MUMBAI, INDIA: Infosys and Tata Consultancy Services have received a clean chit cleared of all charges on allegations of misuse of work visa by the US department of labor. The US Department of Labor investigated allegations in June that the