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  • Margin pressures and outdated skills behind TCS job cuts, say industry analysts

    TCS’ move to opt for job cuts will have a cascading effect on other IT companies, who too have been launching various programs to improve operating margins in the past two years amid growth slowdown.

  • TCS is just the start! Experts expect other IT firms to also cut jobs amid margin pressure and AI push

    TCS’ move to opt for job cuts will have a cascading effect on other IT companies, which have also been launching various programs to improve operating margins in the past two years amid growth slowdown.

  • Not cutting jobs because of AI, says TCS CEO Krithivasan on 2% workforce layoff plans

    'This is driven by where there is a skill mismatch, or, where we think that we have not been able to deploy someone,' Krithivasan told Moneycontrol.

  • MC Interview: Had to take 'difficult call' to build stronger TCS, says CEO K Krithivasan after cutting 12,000 jobs

    'It has not been an easy decision and one of the toughest I had to take', TCS CEO K Krithivasan said

  • Uncertainty cannot last long, FY26 international business revenue will be better than FY25: TCS CEO K Krithivasan

    Despite expecting decent growth in Q1 in the international markets, TCS saw project delays driven by the macroeconomic challenges that led to the negative growth, Krithivasan said.

  • TCS CEO Krithivasan expects tariff 'uncertainty' to be 'resolved soon': Report

    The CEO says a $50-billion revenue target by 2030 is still a 'possibility'

  • Not much difference in BSNL deal revenue in Q3 from previous quarter, says TCS CEO K Krithivasan

    BSNL deal revenue is set to taper, as TCS is expected to complete the project by Q4 or Q1FY26

  • TCS not worried about H-1B visas, over 50% of US workforce local, says CEO K Krithivasan

    In any given year, TCS gets about between 3,000 to 4,000 H-1B visas, says Krithivasan. At the end of the December quarte, TCS had a total of 6,07,354 employees

  • Shorter deal closure cycles, pick up in discretionary spend: Why TCS CEO is bullish on 2025

    TCS’ order book in the Europe has hit an all-time high in Q3, says Krithivasan

  • TCS sees more Gen AI projects move into production in Q3

    TCS saw an increase in successful production deployment of Gen AI and AI engagements, leading to greater confidence for our clients, CEO K Krithivasan has said

  • New US govt will bring certainty on policies, drive discretionary spending: TCS CEO

    TCS’ order book closed at $10.2 billion in Q3. The management said that the strong order book in Q3 is giving them “confidence and comfort on outlook for the future.”

  • TCS Q3 order book grows 26% YoY to $10.2 billion, highest in past five fiscal years

    Geographically, demand was led by India market, which grew 70.2 percent YoY in constant currency (CC) terms, followed by MEA at 15 percent, Asia Pacific at 5.8 percent and Latin America at 7 percent.

  • TCS Q2 order book declines over 23% YoY to $8.6 billion

    The company said that they have now over 600 AI/GenAI engagements deployed successfully in production or in various phases of development.

  • Ratan Tata guided TCS through transformative global expansions: CEO K Krithivasan

    Tata Consultancy Services, scheduled to announce its earnings for Q2 on October 10, cancelled press conference and management interviews for the day.

  • TCS Q1 results meet estimates: Net profit rises 9% on-year to Rs 12,040 crore; Rs 10 dividend declared

    The company reported total contract value of $8.3 billion in Q1, which has declined both on a YoY and sequential basis. In Q4, TCS had witnessed record high quarterly order book of $13.2 billion.

  • TCS Q1FY25 earnings: Five factors to watch for

    The Indian IT services bellwether is to announce its first quarter numbers on July 11, and it will be closely monitored to get a feel of the sector's prospects.

  • TCS banks on responsible AI toolkit to support customers with regulatory concerns

    This toolkit will ensure governance checks and data security right from the design level, as customers develop AI-enabled applications and solutions, a top company executive told Moneycontrol.

  • Over 81% of business leaders want ‘global’ regulations and standards for AI: TCS Report

    The report also highlighted that over 86 percent of senior business leaders have already deployed AI to enhance existing revenue streams or create new ones.

  • TCS CEO K Krithivasan says AI can kill most call centres: Report

    Krithivasan also said that TCS is working on projects of generative AI and it has doubled quarter over quarter to be worth $900 million at the end of fourth quarter as reported by Financial Times. He said that the order flow to'increase significantly' for the next few quarters

  • TCS won’t give variable pay to employees with less than 60% attendance in office

    The IT services major is expecting minimum 85% attendance of employees in office for them to receive full quarterly variable pay from here on

  • TCS targets to hire around 40,000 freshers in FY25; will honour all offers made

    In terms of hiring experienced professionals, TCS will be taking a call on a quarterly basis depending on immediate demand and requirement, CEO and MD K Krithivasan said.

  • There is a greater opportunity to increase pricing: TCS CEO K Krithivasan

    In an interview with Moneycontrol, TCS CEO K Krithivasan said he believes the new fiscal will be better than the previous one and that they will step up focus on regional markets.

  • TCS Q4 results: Net profit rises 9% to Rs 12,434 cr, firm declares final dividend of Rs 28 per share

    TCS reported all-time high quarterly and full year deal wins at $13.2 billion, and $42.7 billion respectively.

  • Don’t see hiring going down due to AI, but how we train employees will change: TCS CEO K Krithivasan

    Generative AI in most places is being used for experimentations and PoCs, it is too early call it mainstream or say it is causing reduction in workforce, he said

  • Davos 2024: 65% of employees working from office 3-5 days a week, says TCS CEO K Krithivasan

    TCS CEO K Krithivasan expressed confidence that most employees will be back in the office in the next couple of quarters.

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