Rajesh Gopinathan will stay on till September to smooth over the transition for his successor, K Krithivasan, who takes over the mantle of CEO on June 1.
TCS has over 50,000 associates trained in AI, with plans to earn 40,000 skill badges on Google Cloud Generative AI within the year, to support the anticipated demand for its new offering.
While analysts are bearish on two-wheeler firms on rural uncertainty, they remain most optimistic on financial companies’ stocks
Also, fall in index majors Reliance Industries, Tata Consultancy Services, Infosys and Larsen & Toubro added to the weak trend in equities. The 30-share BSE Sensex declined 161.41 points or 0.26 per cent to settle at 61,193.30. During the day, it tumbled 330.27 points or 0.53 per cent to 61,024.44.
In the next phase of the partnership, TCS will simplify M&S’ technology landscape and modernise its core business systems with a cloud-first and composable platform strategy.
Net Sales at Rs 49,780.00 crore in March 2023 up 17.24% from Rs. 42,459.00 crore in March 2022.
Tata Consultancy Services (TCS) has topped LinkedIn’s list of the 25 best companies in India. Here is a look at the 24 other organisations on the list.
Infosys won deals worth $2.1 billion in the fourth quarter, lower than $3.3 billion in Q3. Meanwhile, TCS’ deal wins remained strong at $10 billion
TCS plans to hire around 40,000 freshers in FY23-24, and another 5,000-8,000 employees across its global offices.
ICICI Direct is bullish on Tata Consultancy Services recommended buy rating on the stock with a target price of Rs 3720 in its research report dated April 13, 2023.
KR Choksey is bullish on Tata Consultancy Services has recommended buy rating on the stock with a target price of Rs 3817 in its research report dated April 13, 2023.
Motilal Oswal is bullish on Tata Consultancy Services recommended buy rating on the stock with a target price of Rs 3860 in its research report dated April 13, 2023.
Sharekhan is bullish on Tata Consultancy Services has recommended buy rating on the stock with a target price of Rs 3650 in its research report dated April 12, 2023.
Religare Retail Research is bullish on Tata Consultancy Services has recommended buy rating on the stock with a target price of Rs 3882 in its research report dated April 13 2023.
As many as 1,873 shares advanced, 1,526 shares declined and 115 shares were unchanged as the benchmark indices ended flat in volatile trade
TCS Q4 result | The company's consolidated revenue from operations came in at Rs 59,162 crore, up 16.9 percent, from Rs 50,591 crore in the year-ago quarter. Brokerages have a mixed view on on weaker-than-expected quarter for India's largest IT services company
The IT services behemoth sees slowdown in revenue growth and operating margins amidst worsening macro environment and client sentiments.
"This structure was put in place after all the internal discussion so there is no rush to do anything,” CEO designate K Krithivasan told analysts.
Subramaniam said TCS will have a centre of excellence around generative AI
Chief Human Resources Officer Milind Lakkad said that while there have been delays of 1-2 months in onboarding, the company has honoured all past offers.
Incoming CEO K Krithivasan, who heads the company’s BFSI vertical, said that sentiments were down in the sector as people rushed to save costs.
Outgoing CEO Rajesh Gopinathan will stay on till September 15 to help with the transition.
The net headcount addition in FY23 has seen a steep decline of 78 percent from FY22. The company had previously also attributed the decreased hiring in FY23 to increased hiring in the preceding fiscal.
A poll by CNBC TV18 shows that overall growth for Q4 is expected to be less than in Q3 as uncertainty continues to prevail amidst a tough business environment. QoQ revenue growth estimates have varied from 0.1 percent to 1.7 percent.