Tag Archives: VA cut in TCS
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 [...]
TCS Q4 Results: 70% Divident for Shareholders -10% salary for employees
TCS depicts a typical company where no unions are present. While TCS is projecting that it is still comfortable in terms of profits the company has shrewdly cut down the Variable Allowance components of employees. TCS plays two different tunes to media and its internal circulation. While announcing a 70% divident for its shareholders (The [...]
