Page 4 - Tata Consultancy Services Ltd News

TCS down 1%, hits 4-month low day after CEO & MD Rajesh Gopinathan resigns

The board has nominated K Krithivasan as CEO designate with effect from March 16, 2023.

A quarter or two might be tough, but growth will be back: TCS CEO designate

Rajesh Gopinathan, the outgoing TCS CEO, said that Krithivasan was chosen by the board and Tata Group chairman N Chandrasekaran

How does outgoing TCS CEO Gopinathan's salary compare to other IT execs?

TCS CEO Gopinathan resigned on March 16 and will be replaced by company veteran K Krithivasan

K Krithivasan: A lot riding on TCS CEO-designate's track record

Chennai, his base, is one of the biggest centres for TCS in terms of talent

Rajesh Gopinathan quits as TCS CEO; K Krithivasan appointed CEO-designate

Krithivasan shall take over as the CEO and MD of TCS in the next financial year

Under Rajesh Gopinathan, TCS turned into a slow-moving tech giant

Retained its edge in terms of Ebitda or operating margins over industry peers

How to approach IT stocks amid tighter monetary policy, recession fears?

According to Jefferies, analysts' consensus revenue growth estimates for CY24 have been lowered for top clients of all IT firms, barring Wipro, with the highest cuts for HCL Tech and Tech Mahindra

IT shares in focus; TCS hits 9-mth high; Tech Mahindra surges 11% in 2 days

Thus far in calendar year 2023, the Nifty IT index has outperformed the market by surging 10 per cent, as compared to 0.55 per cent decline in the Nifty 50

Infosys, TCS better equipped to weather ChatGPT-led disruption: JP Morgan

Generative artificial intelligence models such as ChatGPT, JP Morgan said, can potentially simplify coding and democratize access to a wider pool of talent, driving a new source of disruption

Stay selective on defensives amid current market volatility: Analysts

Given the uncertainty on how the market trajectory may play out ahead, analysts believe investors can rotate allocation from high beta stocks to defensive plays albeit selectively

TCS expands partnership with UK's Phoenix Group, inks over £600 mn deal

This will be one of the largest deals for the company in the coming quarter

TCS hits over 7-mth high; rises 4% in three days despite market volatility

Analysts at ICICI Securities expect TCS' margins to improve from FY23 onwards due to utilization improvement and moderation of sub-contractor costs

TCS, Persistent: Breakout in IT index may trigger up to 9% rally in stocks

Shares of Tata Consultancy Services, Infosys, HCL Technologies, Coforge and Persistent Systems are indicating chart structures that reflect resumption of their short-to-medium term upmove.

IT stocks extend gain; Persistent Systems, Coforge rise up to 16% in a week

Since January 6, the IT index rallied 9 per cent, as compared to 1.6 per cent rise in the Nifty50

Silver's performance may continue if global economy avoids recession

Beware of its volatile nature and don't invest more than 5% of your investment portfolio in it

Net hiring in India's top four IT firms drops by 97% to 1,940 in Q3FY23

Tata Consultancy Services, Wipro, Infosys and HCL Tech- reported a combined net addition of 1,940 employees in the quarter that ended December 2022

Better bench strength: IT hirings seen at pre-Covid levels in FY24

So far the top three IT firms have announced their third quarter numbers and the dip in attrition rates and a higher bench strength seems to be signalling towards a normal year for hiring in FY24

TCS announces 100% variable pay for 70% of its employees for third quarter

TCS announced 100 per cent variable pay for its grade C2 employees, and the remaining 30 per cent or senior employees will get variable pay in line with their business performance

We'll return to pre-Covid rhythm next year: TCS COO N Ganapathy Subramaniam

We are executing well, gaining market share in vendor consolidation and revenue will start coming in from next few quarters and we are actively participating in the growth and optimization deals

TCS Q3: Weak deal wins, negative headcount signal slowdown, say analysts

TCS Q3 results: QoQ decline of 2,200 employees in the total headcount and de-growth of 3.7 per cent in deal bookings at $7.8 billion are indicators that point towards a slowdown, analysts say