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 big executives of TCS management have huge stockpile of the shares) , it has said in its internal memo the times are tough hence no VA.

This is whats called as double standard. Look at the measures TCS has undertaken in last few months before announcing quarter results.


* Canteen food prices increased by 40-60% and many cases the quality and quantity also has reduced.

* Doubled  office transportation prices (Office Bus)   Chennai employees pay at an average of Rs 2500 per month and the buses are not AC or even Deluxe. Reduced frequency. 

* No Night shuttle for workers in Night shifts.

* Switch off AC after 9 PM but 20% employees work after 9 PM shift with not even a fan.

Infosys posts robust numbers for Q4 2008-2009

India’s No 2 IT biggie Infosys Technologies  posted a better than expected Q4 results for 2008-2009. The IT major rleased its Q4 results ahead of the market today morning giving fresh hope to investors. This quarter is expected to be tough for most of the IT companies as the global scenario reached its bottom in last few months.

Infosys reported a 29% growth over Q4 of 2007-2008 and a 5% drop in profits compared with Q3 of 2008-2009. It has reported Q4 net as Rs 5635 crores (1.127  billion dollars). Also Infosys gave a very moderate outlook for Q1 of 2009-2010 financial year.