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Kotak Institutional Equities has a buy on TCS with the target price at Rs 3,100. Analysts said the company delivered an in-line quarter, aided by improved momentum in the international business and stable profitability. Bookings were strong and included three mega deals. They also said that TCS appeared to be moving out of a patch…
IT major Tata Consultancy Services (TCS) on Sunday said it has a “long-standing zero-tolerance policy towards harassment and coercion of any form” NEW DELHI/NASHIK: IT major Tata Consultancy Services (TCS) on Sunday said it has a “long-standing zero-tolerance policy towards harassment and coercion of any form”, confirming that employees accused in a sexual harassment case…
BENGALURU: Even as TCS saw its headcount fall by nearly 24,000 in FY26, CHRO Sudeep Kunnumal said the entire decline cannot be attributed to last year’s restructuring. He added that the company has already made 25,000 campus offers and remains on track to hire around 40,000 freshers annually. “Last year, we onboarded 44,000 trainees. We…
India’s largest IT services firm Tata Consultancy Services (TCS) has made 25,000 offers to fresh graduates for FY27, with further hiring dependent on demand conditions, its CEO and managing director K Krithivasan said.“We have made 25,000 offers to freshers for FY27. Clarity on demand will lead to more hiring,” Krithivasan said in an interview, signalling…
BENGALURU: TCS remains optimistic about growth despite a muted FY26 performance, citing strong AI-led momentum and a steady deal pipeline. The company reported a 2.4% decline in constant-currency revenue-which excludes the impact of exchange rate fluctuations-while in dollar terms, revenue fell 0.5% to $30 billion. However, operating margin rose 70 basis points to 25%, a…
TCS Q4 FY26 results: Tata Consultancy Services (TCS), India’s largest IT services major, reported a profit after tax of Rs 13,718 crore for the fourth quarter of financial year 2025-26. This is a 12% year-on-year rise in net profit.Revenue from operations also rose 10 per cent compared to the previous year, reaching Rs 70,698 crore….
Historically, companies maintained a sizeable bench by hiring in anticipation of future projects. (AI image) Indian IT sector majors – Tata Consultancy Services (TCS), Wipro, Infosys, HCL Tech, and Tech Mahindra – have seen their bench strength drop by 25% in the last two years. Bench strength acts as a traditional reserve workforce with an…
CLSA noted that it does not currently observe any pricing pressure linked to AI in contract renewals for IT services firms. (AI image) Indian IT stocks rebound! Shares of major IT firms including Infosys, TCS and HCL Tech climbed by as much as 4%, supported by global brokerage CLSA reaffirming its ‘Outperform’ stance on key…
A cooking gas crunch, stemming from the West Asia conflict, has forced major Indian IT firms like Infosys, TCS, and Cognizant to drastically cut canteen services. Employees are now compelled to bring packed lunches, impacting thousands who rely on office cafeterias, especially those in PGs and hostels with limited options. People in corporate sector jobs…
Indian IT stocks had already experienced a notable drop earlier this year. (AI image) Indian IT shares tank! Shares of Indian IT companies dropped by as much as 6% on Tuesday after fresh artificial intelligence announcements from global chipmaker Nvidia, which reignited concerns about AI-driven disruption in the technology services sector. Investor caution also remained…
