Tag Archives: TCS
TCS announces Q3, Stellar performance, No Salary Hikes ,Promotions – yes
TCS announced its 2009-10 Q3 results today and produced better than expected numbers.
Q3 Revenues at $1.64 Billion up 10.3% YoY and 6.3% QoQ
Q3 Net profit at $364 billion up 38.9% YoY ; up 14.2% QoQ
TCS also added 10 major clients.
Able to maintain margins by leveraging offshore movements.
Overall growth in All verticals.
BFSI also grew considerably.
Also Ashok [...]
TCS to announce prmotions in January 2010
Update – Jan 20 2010 -
Only Manufacturing ISU has completed 90% of promotions. Rest of the ISU’s the list has not been finalised, so you guys might have to wait longer. Anyway the promotions will be given one way or the other. Dont lose hope.
TCS announced promotions on Jan 15 2010 as a part of [...]
TCS gives its employees a Diwali surprise – 1.5 times the VA (Diwali Bonus ?)
TCS has been in the news for All bad reasons recently, for a change today the TCS Management has announced 50% increase in VA Quarterly component for the just concluded quarter. This is applicable only for this quarter and not future VA components.
Most of the employees are expected to receive the increased VA in october [...]
TCS posts better than expected Q2 results
TATA Consultancy Services (TCS) beat the market outlook by posting decent Q2 numbers following in Infosys path.
The net profit was at Rs 1,640 crore vs Rs 1,533 crore QoQ (Quarter-on-Quarter). The results are up 3.2% QoQ and 6.9% YoY.
TCS is expected to announce Full VA for its employees for the Q2 this month.
The positive results is [...]
Indian IT Biggies chicken out of Dataquest Best Employer Survey
Well you can fake your internal Employee Satisfaction survey, but an independent Survey is a big no no for Indian IT heavyweights like TCS,Infosys,Wipro and Microsoft India.
Well all the top names of Indian IT chose not to participate in the Annual Dataquest Best Employer survey citing recession as reason, admitting the fact that employees are [...]
TCS to have multiple COO’s after Chandrasekaran
Tags: CEO, Chandrasekaran, COO, Ramadurai, TATA Consultancy Services, TCS
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TCS to change Promotion eligibility criteria from 2009-10
The news is almost sure, if the present promotion batch was made to wait unofficially in the name of recession, the future batches will be made to wait in the name of new eligibility criteria. For the past batches the eligibility criteria is 3 years in a particular grade ie to become an ITA an associate have to spend 3 years in ASE (After confirmation) ie a total of four years.
TCS finally gives promotions in Ultimatix (2009)
After the last month’s announcement , TCS has changed grades in Ultimatix.
TCS planning to restructure onsite Salary
TATA Consultancy Services is planning to restructure its onsite Salary Structure and it is most likely that higher grade employees will lose out their extra perks and benefits, though a total reduction in salary is not possible as per US Govt law the minimum wages should be 60,000 $ per annum.
The company is also [...]
TCS announces promotions
TCS announced yesterday full VA component for Q1 2010-11 and promotions will be processed for all employees who were recommended last year for the promotions.
As we had earlier predicted here the Promotions are back on track, thanks to the increasing attrition and sinking employee morale.
Here is the extract from CEO Ramadurai’s announcement
“Additionally, there is good [...]
